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

July 07, 2020 11:17 PM AEST | By Team Kalkine Media
 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.


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.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
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.