Market Update How S&P/ASX200 Performed?

  • Dec 09, 2019 AEDT
  • Team Kalkine
Market Update How S&P/ASX200 Performed?

The Australian markets closed in green at the end of session on 9th December 2019. S&P/ASX 200 stood at 6730 with a rise of 23 points or 0.3% at the end of session. Some sectors have performed very well on the close of session. On 9th December 2019, S&P/ASX 200 Energy (Sector) stood at 11,593.7 indicating a rise of 184.1 points. S&P/ASX 200 Materials (Sector) ended the session in green with an increase of 1.11% or 149.5 on an intraday basis. On the same day, All Ordinaries reached at 6836.4, reflecting an increase of 0.3%.

There were some individual companies which ended the session in green. On December 9, 2019, Southern Cross Media Group Limited (ASX: SXL) closed at a price of A$0.920 per share, up 5.143%. In addition, South32 Limited (ASX: S32) ended the trading session at a price of A$2.660 per share with a rise of 4.724% on an intraday basis. Beach Energy Limited (ASX: BPT) at the end of session stood at A$2.620 per share.

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Beach Energy Limited (ASX: BPT) rose 5.221% on ASX

Cooper Energy (ASX: COE) has made an announcement about a 4 well appraisal program of Butlers oil field by the PEL 92 joint venture started on December 3 with spudding of Butlers-10. In the release it was added that COE is having a 25% interest in joint venture and the balance is being held by operator i.e. Beach Energy Limited (ASX: BPT).

Southern Cross Media Group Limited’s Key Personnel addressed the Shareholders

Southern Cross Media Group Limited (ASX: SXL) recently announced that Challenger Limited and its entities has made a change to their substantial holdings in the company on 3rd December 2019 and the current voting power stands at 6.14% as compared to the previous voting power of 5.09%. The key personnel of SXL recently addressed the shareholders at 2019 Annual General Meeting and stated that revenue of the group stood at $660.1 million, reflecting a rise of 0.5% on the prior year, despite difficult advertising markets.

The company reported underlying EBITDA amounting to $159.9 million with a rise of 0.9% and underlying net profit after tax stood at $76.2 million, reflecting a rise of 3.1%. The company is also increasing its investment in smart audio consumed via internet-enabled devices, both protecting and expanding its audiences.

South32 Limited entered into a binding conditional agreement

South32 Limited (ASX: S32), through a release dated 18th November 2019, announced that it has appointed Guy Lansdown as an additional director to the South32 Board. Also, the company has entered into a binding conditional agreement for unloading its 91.835% shareholding in South32 SA Coal Holdings Proprietary Limited to wholly owned subsidiary of Seriti Resources Holdings Proprietary Limited as well as 2 trusts which would acquire and hold equity on behalf of the employees and communities.

BPT Daily Technical Chart (Source: Thomson Reuters)

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