Market Update: How Australian Equity Market Performed on 14 January 2020

  • Jan 14, 2020 AEDT
  • Team Kalkine
Market Update: How Australian Equity Market Performed on 14 January 2020

The Australian market closed the session in green on 14th January 2020 and S&P/ASX200 ended at 6962.2, reflecting a rise of 58.5 points. Moving the needle to performance of some sectors, S&P/ASX 200 Energy (Sector) settled the day’s session at 12,061.5 with an increase of 103.6 points or 0.86% and S&P/ASX 200 Health Care (Sector) inched upward by 325.7 points or 0.75% and reached 43,340.2. At the close of the trading session, All Ordinaries settled at 7078, up by 57.8 points or 0.8%.

Let us now look at the performance of some companies that settled in green on ASX. Pilbara Minerals Limited (ASX: PLS) closed the session at a price of A$0.390 per share with a rise of 11.429%. Elders Limited (ASX: ELD) settled at A$6.790 per share and experienced an increase of 8.293%.

Looking at the performance of some companies listed on the NZX Main Board, SeaDragon Limited (NZX: SEA) witnessed the closing in green at NZ$0.003, up by 50% and Green Cross Health Limited (NZX: GXH) ended the session at NZ$1.250 per share, indicating an increase of 4.17%. On the loser front, Michael Hill International Ltd (NZX: MHJ) settled at NZ$0.720 with a decline of 5.26%. Pacific Edge Limited (NZX: PEB) stood at NZ$0.121, down 3.97% on an intraday basis.

Recently, we covered an article on Invictus Energy (ASX: IVZ) and advise the readers to have a look. To read, please click here.

Pilbara Minerals Limited Surged 11.429% on Australian Stock Exchange

Pilbara Minerals Limited (ASX: PLS) recently announced that Anthony William Kiernan made a change to holdings in the company by disposing 8,000,000 unlisted options at an exercise price of $0.626 on 12th December 2019.

The company also published a presentation, highlighting the Pilgangoora Lithium-Tantalum project amongst prominent spodumene-tantalite resources, globally. With respect to the same project, the term sheet has been agreed with POSCO for JV, final documents as well as board approvals, which are anticipated in early 2020. From June 2020, the company is aiming cash operating costs in the range of US$320 per dmt - $350 per dmt CFR China.

Elders Limited Settled in Green on 14th January 2020.

Elders Limited (ASX: ELD) announced that Perpetual Limited and its related bodies corporate made a change to substantial holdings in the company on 9th January 2020 and the current voting power increased to 7.33% from previous voting power of 6.25%.

In another update, the company notified market participants with the impact of bushfires. ELD mentioned that no damage was experienced on its property and all branches are operational. The company anticipates that livestock agency commissions as well as farm supplies sales would be negatively impacted in bushfire impacted regions. However, the company expects that this adverse impact would be counterbalanced by increased demand for farm supplies, which include fencing, as well as the need for restocking.


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