$69 postpage LB

Market Update: How Australian Markets Performed on May 11, 2020?

  • May 11, 2020 08:38 PM AEST
  • Team Kalkine
Market Update: How Australian Markets Performed on May 11, 2020?

The equity market of Australia was in green at the close of session on 11th May 2020. S&P/ASX200 settled at 5461.2, reflecting a rise of 70.1 points or 1.30%. Most of the sectors on ASX closed in green like S&P/ASX 200 Industrials (Sector), which moved up by 126.5 points to 5,495.6. S&P/ASX 200 Health Care (Sector) stood at 42,629.7 with a rise of 294.8 points. At the close of same trading session, All Ordinaries inched up by 1.30% to 5559.1.

Gold MTF non-AMP

On ASX, Webjet Limited (ASX: WEB) rose by 19.454% to $3.500 per share. Southern Cross Media Group Limited (ASX: SXL) ended at $0.160, up by 18.519%. NRW Holdings Limited (ASX: NWH) stood at $1.705 per share with a rise of 12.171%.

S&P/NZX50 closed the trading session at 10,760, reflecting an increase of 0.60% on an intraday basis. Sky Network Television Limited (NZX: SKT) soared 20.31% to NZ$0.385. Plexure Group Limited (NZX: PLX) surged 17.65% during the session and settled at NZ$0.800 per share. On the other hand, Burger Fuel Group Limited (NZX: BFG) went down by 5.45% to NZ$0.520.

Recently, we have written some important information on Kingwest Resources Limited (ASX:KWR). Readers can read the content provided by clicking here.

Southern Cross Media Group Limited Rose 18.519% on Australian Stock Exchange

Southern Cross Media Group Limited (ASX: SXL) has recently notified the market that it has successfully wrapped up its placement and entitlement offer and has raised around $169 million before incurring transaction costs. The company experienced a take-up rate of around 92% in the Entitlement Offer. During April 2020, SXL achieved positive EBITDA. As at 4th May 2020, the company reported a net debt position of $161.8 million. In another update, the company announced that Robert Murray has made a change to holdings in SXL on 4th May 2020 by acquiring 257,684 fully paid ordinary shares for the consideration of $23,191.56. Due to COVID-19 pandemic, the company has cancelled its FY20 interim dividend and decided that no final dividend will be paid for FY20 to maximise liquidity.

NRW Holdings Limited Ended in Green on 11th May 2020

NRW Holdings Limited (ASX: NWH) recently announced that Vinva Investment Management has ceased to become a substantial holder in NWH. The company stated that all operations of the group have started its working practices to minimise the risks from COVID-19. The company is in the process of establishing a facility south of Perth for training new entrants to the mining industry on a range of mobile mining equipment. Considering the current environment caused by COVID-19, the company has decided to defer its payment of interim dividend to retain maximum liquidity.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK