Market Update: How Australian Markets Performed on September 26, 2019?

3 min read | September 26, 2019 11:00 AM BST | By Team Kalkine Media

As market players know, the Australian stock markets are extremely sensitive to the macro-economic parameters.On September 26, 2019, S&P/ASX200 closed the session in red, as it witnessed a fall of 32.6 points or 0.5% on an intraday basis to close at 6677.6. On the same day, All Ordinaries closed the session at 6785.6, implying the fall of 0.4% on an intraday basiComing to the performance of stocks, BINGO Industries Limited (ASX:BIN) ended the session in red, with the stock witnessing a rise of 6.047% to end the session at $2.280 per share. Also, Monadelphous Group Limited (ASX:MND) rose by 5.544% to settled at $15.610 per share.

However, on September 26, 2019, Silver Lake Resources Limited (ASX:SLR) and Gold Resources Limited (ASX:GOR) ended the session in red, after their stock prices fell by 5.528% and 4.779%, respectively.

Collins Foods to Refinance Existing Syndicated Debt facilities

Collins Foods Limited (ASX: CKF) announced to have entered into a binding documentation to refinance the existing syndicated debt facilities in order to support the ongoing operational strategy in Australia and internationally. Following are the key pointers that need to be noted:

  • New syndicated facility agreement comprises $265 million as well as €80 million revolving facilities;
  • Tenor of new facilities are a blend of three years and five years;
  • $180 million as well as €50 million of the new facility would be maturing on October 31, 2022, while the remaining $85 million and €30 million would mature on October 31, 2024.

Sezzle to Offer BNPL Services via Visa’s CyberSource

Sezzle Inc. (ASX:SZL) came forward and made an announcement that its buy now, pay later solution has been extended to the online businesses via Visa’s CyberSource payment management platform.

Macquarie Wraps Up A Share Purchase Plan to Garner $679 million

Macquarie Group Limited (ASX:MQG) wrapped up the share purchase plan (or SPP), which was announced previously on August 28, 2019 with over 53,000 applications. Following are some of the key points to be noted by the readers:

  • The company wrapped up SPP on September 20, 2019 as well as announced that it would be accepting all the eligible SPP applications in full.
  • MQG anticipates issuing ~5.7 Mn fully paid ordinary shares involving a consideration amounting to $679 Mn, and the shares issued would rank equally with those of the existing shares.
  • Issue price for ordinary shares happens to be $120 per share.

BIN Daily Technical Chart (Source: Thomson Reuters)


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