Market Update: How Markets Performed on 14th July 2020?

On 14th July 2020, Australian equity market closed in red and the benchmark index S&P/ASX200 went down by 36.4 points to 5941.1. The index has lost 1.19% and 11.28% during the last five days and 52 weeks, respectively. S&P/ASX 200 Industrials (Sector) ended at 5,493.1, reflecting a fall of 47.6 points. S&P/ASX 200 Health Care (Sector) settled the day at 41,109.1 with a fall of 301.8 points.

On ASX, the share price of Credit Corp Group Limited (ASX: CCP) moved up by 6.68% to $16.290 per share. The stock of Breville Group Limited (ASX: BRG) stood at $24.240 per share, reflecting an increase of 5.529%.

Stock Performance (Source: ASX)

S&P/NZX50 closed the session at 11,494, reflecting a rise of 0.52%. The stock of Blackwell Global Holdings Limited (NZX: BGI) soared by 23.08% to NZ$0.032 per share. The share price of Geneva Finance Limited (NZX: GFL) rose by 5.41% to NZ$0.390 per share. On the other hand, the stock of TRS Investments Ltd (NZX: TRS) tumbled by 33.33% to NZ$0.002 per share.

Recently, we have written an article on TPG Corporation Limited (ASX: TPM), and the readers can view the content by clicking here.

CCP Ended the Session in Green on July 14, 2020

Credit Corp Group Limited (ASX: CCP) recently stated that net profit after tax for FY20 is likely to be in the range of $10 million to $15 million after accounting for the impairment of purchased debt ledger assets and additional provisioning arising from the impact of the COVID-19 pandemic. However, the company expects NPAT before these adjustments in the range of $75 million-$80 million. The company added that it entered FY21 in a strong position with no net debt and undrawn lines of $375 million. The company continues to produce solid operating outcomes and strong cash flows.

Breville Group Limited Recently Announced Completion of A$10 Mn Underwritten Share Purchase Plan

Breville Group Limited (ASX: BRG) recently notified that Dean Warwick Howell has made a change to holdings in the company on 23rd June 2020 by acquiring 1,764 ordinary shares at the consideration of $29,988. The company also announced successful completion of A$10 Mn underwritten share purchase plan it announced on May 13, 2020. SPP follows the successful completion of the company’s fully underwritten A$94 Mn placement to the eligible institutional investors. As per the release, SPP as well as placement were undertaken at issue price of A$17.00 per share.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content 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 stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music 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/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
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