Market Update: How Markets Performed on 7th July 2020?

  • Jul 07, 2020 AEST
  • Team Kalkine
Market Update: How Markets Performed on 7th July 2020?

 

At the close of the trading session on 7th July 2020, equity market of Australia ended in red. The benchmark index S&P/ASX200 stood at 6012.9 with a drop of 1.7 points. Most of the sectors on ASX ended in red such as S&P/ASX 200 Energy (Sector), which went down by 112.7 points to 7,414.3. S&P/ASX 200 Health Care (Sector) stood at 42,760.1, indicating a decline of 90 points. At the close of the same session, All Ordinaries experienced a rise of 0.8 points to 6126.7.

On ASX, the share price of St Barbara Limited (ASX: SBM) soared by 10.334% to $3.630 per share. The stock of Gold Road Resources Limited (ASX: GOR) went up by 7.08% and closed the session at $1.815 per share.

Stock Performance (Source: ASX)

S&P/NZX50 settled the day at 11,744, reflecting an increase of 0.75%. The share price of Blackwell Global Holdings Limited (NZX: BGI) rose by 12.50% to NZ$0.018 per share. The stock of Scott Technology Limited (NZX: SCT) inched up by 9.09% to NZ$1.800 per share. However, the stock of QEX Logistics Limited (NZX: QEX) witnessed a sharp decline of 8.62% to NZ$0.530 per share.

Recently, we have written some important information on Sultan Resources Ltd (ASX: SLZ), and the readers can view the content by clicking here.

St Barbara Limited Rose by 10.334% due to the Release of Production Update.

St Barbara Limited (ASX: SBM) recently updated the market with production results for Q4 FY20 and full year FY20. The company stated that consolidated gold production for FY20 stood at 381,887 ounces, which is in line with the full-year production guidance of 370,000 ounces to 400,000 ounces. The company added that Atlantic Gold managed to finish FY20 with a record 106,663 ounces of gold, producing 29,209 ounces at an average milled grade of 1.41 g/t Au for a record quarter. As of 30th June 2020, the total cash at bank and term deposits of the company stood at A$406 million.

Gold Road Resources Limited Ended in Green on 7th July 2020

Gold Road Resources Limited (ASX: GOR) recently stated that Brian Kenneth LEVET has made a change to holdings in the company by acquiring 50,000 fully paid ordinary shares for the consideration of $74,538.87 on 19th June 2020. The company has appointed Ms Maree Arnason as an Independent Non-executive Director.  During Q3 FY20, Gruyere reported gold production of 59,595 ounces and is on track to match the annual guidance of 250,000 to 285,000 ounces. The company managed to deliver March 2020 quarter production at an AISC of A$1,135 per attributable ounce and is on track to meet annual AISC guidance of A$1,100 – A$1,200 per ounce. During the March 2020 quarter, the company reported attributable gold sales of 31,700 ounces at an average price of A$2,001 per ounce. GOR finished the quarter in a strong liquidity position with cash and bullion on hand of $115 million.

 

 


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