Market Update: How Australian Equity Market Performed on 31st December 2019?

3 min read | December 31, 2019 07:45 PM AEDT | By Team Kalkine Media

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Market Update: How Australian Equity Market Performed on 31st December 2019?

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On the last day of calendar year 2019 i.e. 31^st December 2019, the equity market in Australia closed the trading session in red. The benchmark index S&P/ ASX 200 experienced a decline of 120.8 points or 1.8% and settled at 6,684.1. Also, All Ordinaries fell by 119.2 points and reached 6802.4.

Majority of the sectors on ASX declined during the trading session, with S&P/ASX 200 Health Care (Sector) witnessing a decline of 969.7 points or 2.39% and settling at 40,635.5. S&P/ASX 200 Industrials (Sector) stood at 6,954.7, moving downward by 2.11%.

Despite the fall in overall equity market of Australia, some of the companies experienced a positive trading session such as Gold Road Resources Limited (ASX: GOR), which inched upward by 3.077% and closed at A$1.340 per share. Evolution Mining Limited (ASX: EVN) ended the session at A$3.800, reflecting a rise of 2.426% on the close of trading session on 31^st December 2019.

Turning the needle towards the gainers and losers of NZX Main Board- PaySauce Limited (NZX: PYS), which closed at NZ$0.960 with a rise of 23.08% on an intraday basis. In the list of top gainers, Vital Limited (NZX: VTL) ended the session with an increase of 5.19% and stood at NZ$0.810 per share. On the other hand, New Talisman Gold Mines Limited (NZX: NTL) fell by 14.29% and reached NZ$0.006. Ryman Healthcare Limited (NZX: RYM) at the end of session stood at NZ$16.330 with a decline of 5.06%.

Not so long ago, we covered important information on small cap explorer Krakatoa Resources Limited (ASX:KTA) and readers are advised to have a look at the article. Please click here to read the information.

Evolution Mining Limited Rose 2.426% on Australian Stock Exchange

The company recently announced that one of its directors, Jacob Klein made a change to his holdings in Evolution Mining by acquiring 2,892,476 fully paid ordinary shares on 27^th December 2019. In another update, the company announced that La Mancha Group International B.V and its associates made a change to the substantial holdings in EVN on 27^th November 2019 with current voting power of 7.65% as compared to the previous voting power of 9.56%. As per the key personnel, the company has a strong platform of high-quality assets with an average reserve life of more than ten years.

Resolute Mining Limited Strengthens US$ Gold Hedge Book

Resolute Mining Limited (ASX:RSG) notified market participants regarding the forward sale of additional 30koz of gold at average price of US$1,501/oz, which has been scheduled for the monthly deliveries of 5,000 oz during July 2020 and December 2020. To take the benefit of gold price volatility and maximise revenues, as well as protect the balance sheet, RSG would continue to actively manage its gold sales and undertake near term hedging.

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