At the close of trading session on 17th January 2020, the market ended in green and the benchmark index S&P/ASX200 stood at 7064.1, with a rise 22.3 points.
Moving towards the performance of some sectors. S&P/ASX 200 Consumer Staples (Sector) marked the closing with a rise of 125.4 points or 0.96% and stood at 13,072.1. S&P/ASX 200 Health Care (Sector) ended the trading day with an increase of 49.5 points and settled at 44,022.2. At the close of trading session, All Ordinaries experienced a rise of 21.7 points and closed at 7180.3.
Turning the needle towards the performance of some companies that ended the session in green. Pilbara Minerals Limited (ASX: PLS) witnessed an increase of 8.571% and closed at a price of A$0.380 per share. Costa Group Holdings Limited (ASX: CGC) ended the session at A$2.700 per share with a rise of 4.651%.
Let us now look at the losers and gainers at NZX Main Board. Serko Limited (NZX: SKO) closed at NZ$5.400 per share, indicating an increase of 4.65%. Z Energy Limited (NZX: ZEL) inched upward by 3.26% and ended the trading session at NZ$4.750. When it comes to losers, New Talisman Gold Mines Limited (NZX: NTL) closed at NZ$0.006 per share after declining by 14.29% on an intraday basis and TIL Logistics Group Ltd (NZX: TLL) stood at NZ$1.080 per share, reflecting a decline of 5.26%.
We have covered important information on Corazon Mining (ASX: CZN). To read, please click here.
Pilbara Minerals Limited Up 8.571% on Australian Stock Exchange
Anthony William Kiernan, one of the company’s directors, made a change to holdings in Pilbara Minerals Limited (ASX: PLS) by disposing 8,000,000 unlisted options at an exercisable price of $0.626 on 12th December 2019.
Meanwhile, the company unveiled to have experienced material improvement in product recovery performance after the recent plant modifications. On the outlook front, the company is optimistic about medium as well as long-term demand for its high-quality spodumene concentrate product, owing to its recent development within the broader lithium sector.
Appen Limited Ends the Session in Green
Appen Limited (ASX: APX) is set to release earnings for the full year ended 31 December 2019 on 25th February 2020.
The company through a release dated 18th November 2019 announced that it is expecting underlying EBITDA in the range of $96 million to $99 million, as compared to the previous guidance of underlying EBITDA of $85 million to $90 million. This improvement in guidance is a result of increase in monthly relevance revenues and margins, mainly from current projects with existing customers. APX bolsters its high conviction for the acquisition of Figure Eight and affirmed the prior 2019 ARR guidance in the range of $30 million to $35 million.
PLS Daily Technical Chart (Source: Thomson Reuters)
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