The stock markets are sensitive to the macro-economic environment as well as to the health of global economy. If global growth comes into question, the stock markets might witness unfavourable impacts. Let us now have a look at performance of S&P/ASX200.
The equity markets of Australia on the close of trading session on 19th December 2019 was in red and S&P/ASX 200 closed at 6833.1, reflecting a fall of 18.3 points or 0.3% on an intraday basis. We will now be having a look at the performance of some sectors. S&P/ASX 200 Information Technology (Sector) closed the session at 1,436.9, down 0.17% and S&P/ASX 200 Health Care (Sector) experienced a decline of 463.7 points and reached at 41,668.2. On December 19, 2019, All Ordinaries stood at 6942.6, indicating a fall of 14.4 points or 0.2% on an intraday basis.
Even with the decline in S&P/ASX200, some companies on ASX managed to close the session in green. Let us now have a look at the performance of some stocks. Service Stream Limited (ASX: SSM) ended the trading session by witnessing a rise of 11.066% on an intraday basis and the price stood at A$2.710 per share. Another performer on the exchange was Northern Star Resources Ltd (ASX: NST) which rose by 4.714% and the closing price was A$10.440 per share on an intraday basis.
Coming to the performance at NZX Main Board, Smartpay Holdings Limited (SPY) rose by 5.00% and Arvida Group Limited (ARV) ended the session at a closing price of NZ$1.770 per share, up by 4.73% on an intraday basis. Let us have a look at the stocks which ended in red. New Talisman Gold Mines Limited (NTL) closed at NZ$0.006 per share with a fall of 14.29%. Plexure Group Limited (PLX) ended at the price of NZ$0.690, indicating a decline of 5.48%.
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Service Stream Limited rose 11.066% on Australian Stock Exchange.
Service Stream Limited (ASX: SSM), on 19th December 2019, announced that the consortium to which its wholly owned subsidiary Comdain Infrastructure Pty Ltd is a participant, has been awarded a 10-year agreement by Sydney Water Corporation. The consortium, which would take the form of unincorporated joint venture to be known as the Delivering for Customers (D4C) Joint Venture, consists Comdain Infrastructure Pty Ltd (with 30% participating interest), John Holland Pty Ltd (30%), Lend Lease Services Pty Ltd (30%) as well as WSP Australia Pty Ltd (10%).
Recent Update About AVITA Medical Ltd
AVITA Medical Ltd (ASX: AVH) recently announced that The Bank of New York Mellon Corporation and each group entity has made a change to their substantial holdings in the company on 11th December 2019 and the current voting power stands at 24.83% as compared to the previous voting power of 23.58%.
SSM Daily Technical Chart (Source: Thomson Reuters)