gold stocks postpage LB desk

Market Update: How Markets Performed on 3rd July 2020?

  • July 03, 2020 10:04 PM AEST
  • Team Kalkine
Market Update: How Markets Performed on 3rd July 2020?

On 3rd July 2020, the equity market of Australia ended in green, and S&P/ASX200 settled at 6057.9 with a rise of 25.2 points or 0.42%. S&P/ASX 200 Consumer Staples (Sector) ended the session at 12,815.9, reflecting an increase of 164.5 points. S&P/ASX 200 Information Technology (Sector) stood at 1,665.5 with a rise of 10.7 points. All Ordinaries closed the day at 6163.7 with a rise of 21.4 points.

non AMP MTF 10th feb webinar

On ASX, the share price of Cochlear Limited (ASX: COH) went up by 5.87% to $204.0 per share. The stock of Bega Cheese Limited (ASX: BGA) moved up by 5.063% to $4.980 per share.

Stock Performance (Source: ASX)

S&P/NZX50 experienced a rise of 0.49% and closed the session at 11,559. The share price of Pacific Edge Limited (NZX: PEB) mounted up by 103.70% to NZ$0.550 per share. The stock of Me Today Limited (NZX: MEE) gained 8.26% and settled at NZ$0.131 per share. On the other hand, the share price of New Talisman Gold Mines Limited (NZX: NTL) tumbled by 14.29% to NZ$0.006 per share.

Recently, we have written an article on BPH Energy Limited (ASX: BPH), which could be beneficial for the market participants. Readers can view the content by clicking here.

Cochlear Limited Rose 5.87% Due to the Approval of Four New Products

Cochlear Limited (ASX: COH) recently announced that it has received approval from US Food and Drug Administration for four new products including Nucleus® Kanso® 2 Sound Processor, Nucleus® 7 Sound Processor for Nucleus 22 implant recipients, Custom Sound® Pro fitting software and the Nucleus® SmartNav system. The company added that the four new systems would be commercially released in the United States and Western Europe in the next few months, subject to local approvals. In another update, the company stated that it experienced a decline of around 60% in sales revenue during the month of April 2020. Cochlear implant unit sales went down by around 80% in the developed markets. The company is focused on providing support to recipients while continuing their outreach programs with candidates via its direct-to-consumer efforts.

WiseTech Global Limited Ended in Green on 3rd July 2020

WiseTech Global Limited (ASX: WTC) has notified that 21,025 fully paid ordinary shares issued in relation to the prior acquisition are due to be released from escrow with effect from 4.15 pm on July 11, 2020. The company also announced that Richard White has made a change to the holdings in the company by disposing 2,245,925 ordinary shares at the consideration of $18.40 per share. In another update, the company stated that it renegotiated earnout arrangements for several strategic acquisitions in order to allow for better alignment of resources as well as to strengthen its balance sheet. The company added that the negotiations have resulted in the decline of contingent liabilities from $215.5 million to $68.5 million and removal of future contingent cash liabilities amounting to $151.5 million. WTC anticipates digital transformation to ramp-up demand for global technology and integrated platform.



The website 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