Market Update: How Markets Performed on 1st July 2020?

At the close of the trading session on July 1, 2020, the equity market of Australia ended in green. Benchmark index S&P/ASX200 closed at 5934.4 with a rise of 36.5 points. During the last five days, the index has lost 0.52%. S&P/ASX 200 Industrials (Sector) moved up by 23.1 points to 5,747.3. S&P/ASX 200 Information Technology (Sector) witnessed an increase of 1.58% to 1,595.2. At the close of the same trading session, All Ordinaries settled at 6041, indicating a rise of 39.7 points.

On ASX, the share price of NEXTDC Limited (ASX: NXT) gained 8.097% and ended at $10.680 per share. The stock of Webjet Limited (ASX: WEB) went up by 7.53% to $3.570 per share.

The following image gives a broad idea as to how the share price of NXT has performed in the span of past 3 months:

Stock Performance (Source: ASX)

S&P/NZX50 closed the session at 11,350 with a fall of 0.88%. The stock of Augusta Capital Limited (NZX: AUG) rose by 6.82% and stood at NZ$0.940 per share. The share price of Blackwell Global Holdings Limited (NZX: BGI) inched up by 6.67% to NZ$0.016 per share. On the other hand, the stock of New Talisman Gold Mines Limited (NZX: NTL) experienced a fall of 14.29% to NZ$0.006 per share.

Recently, we have covered some crucial information on Corazon Mining Limited (ASX:CZN), and the readers can view the content by clicking here.

NEXTDC Limited Reported Increased Contract Commitments

NEXTDC Limited (ASX: NXT) recently advised the market that its contracted commitments have now increased by around 4MW to more than 36MW at its NSW data centre facilities. The company added that contracted customer commitments plus expansion options at its NSW data centres are currently approaching 60MW. Revenue recognition for these new contracted commitments is anticipated to commence during FY21 after the completion and commissioning of the associated data halls.

Webjet Limited Ended in Green on 1st July 2020

Webjet Limited (ASX: WEB) recently announced an offering of €100 million convertible notes. WEB added that this offering supports the ongoing focus of the company on maintaining a strong balance sheet as it continues to navigate the challenging operating environment due to COVID-19. These notes are anticipated to diversify its funding sources and increase financial and strategic flexibility. The net proceeds raised from the offering would be utilised for the repayment of its existing term debt of A$50 million. The company will also use funds for potential acquisitions and ongoing capital management.


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