At the close of the trading session on 21st July 2020, Australian equity market ended in green. The benchmark index S&P/ASX200 stood at 6156.3 with a rise of 154.7 points. During the last five days, the index has gained 3.62%. S&P/ASX 200 Consumer Discretionary (Sector) went up by 3.09% to 2,519.9. S&P/ASX 200 Industrials (Sector) ended at 5,733.7, with an increase of 2.53%. At the end of the same session, All Ordinaries closed at 6268.8, reflecting a rise of 156.5 points or 2.56%.
S&P/ASX200 Weekly Performance (Source: ASX)
S&P/NZX50 settled at 11,737 with a rise of 1.59%. The share price of Blackwell Global Holdings Limited (NZX: BGI) inched up by 25.00% to NZ$0.070 per share. The stock of New Zealand Oil & Gas Ltd (NZX: NZO) rose 8.62% and closed the session at $0.630 per share. On the other hand, the stock of Cooks Global Foods Limited (NZX: CGF) tumbled by 8.16% to NZ$0.045 per share.
Recently, we have written an article on Dark Horse Resources (ASX: DHR), and the readers can view the content by clicking here.
Share Increase Witnessed in IMC’s Share Price
Immuron Limited (ASX: IMC) recently announced that IMM-124E used to manufacture Travelan® and Protectyn® demonstrated antiviral activity against COVID-19 virus in the laboratory studies.
The company added that in-vitro assessment of the neutralization of SARS-CoV-2 was performed on four production lots of product used to manufacture Travelan® and Protectyn®. Also, the company’s technology platform offers a potential new oral therapeutic approach to target SARS-CoV-2 in the GI Tract.
Mesoblast Limited Ended in Green on 21st July 2020.
Mesoblast Limited (ASX: MSB) recently notified the market that Oncologic Drugs Advisory Committee (ODAC) of USFDA has scheduled a meeting on 13th August 2020 to review data supporting MSB’s Biologics License Application (BLA) for approval of RYONCIL™ for the treatment of steroid-refractory acute graft versus host disease in children.
Currently, there are no FDA-approved treatments in the US for children under 12 with SR-aGVHD, a potentially life-threatening complication of an allogeneic bone marrow transplant for blood cancer.
For the nine months ended 31st March 2020, the company reported a rise of 113% in revenue to US$31.5 million against US$14.8 million. The company reported a decline of 34% in loss after tax, which was supported by 113% increase in total revenues and a 15% decrease in research and development expenditure.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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