Market Update: How S&P/ASX200 Performed on December 20, 2019?

  • Dec 20, 2019 AEDT
  • Team Kalkine
Market Update: How S&P/ASX200 Performed on December 20, 2019?

At the close of trading session on 20th December 2019, S&P/ASX200 index was in red with a decline of 16.8 points or 0.2% and stood at 6816.3. Let us now have a look at the performance of some sectors. S&P/ASX 200 Materials (Sector) closed with a rise of 28.9 points and reached at 13,983.5. S&P/ASX 200 Utilities (Sector) ended in green at 8,474.4, reflecting a rise by 43.1 points. On the close of same trading day, All Ordinaries experienced a fall of 18.2 points or 0.3%.

Some individual companies have showcased a good performance and managed to close the session in green. Speedcast International Limited (ASX: SDA) closed at a price of A$0.745 per share and rose by 4.93% on an intraday basis. HUB24 Limited (ASX: HUB) ended at a price of A$11.130 per share with a rise of 3.247% on an intraday basis.

Turing to the losers and gainers at NZX Main Board, New Talisman Gold Mines Limited (NZX: NTL) witnessed a rise by 16.67% and stood at NZ$0.007 per share. PaySauce Limited (PYS) also witnessed a rise of 8.00% and closed at NZ$0.540. Coming to the stocks which ended in red, SeaDragon Limited (SEA) closed at NZ$0.001 per share, reflecting a decline of 50.00%. Enprise Group Limited (ENS) ended the session at NZ$0.760, reflecting a fall of 5.00%.

Not so long ago, we have written some information on Village Roadshow (ASX: VRL). We advise the readers to have a look at the content by clicking here.

A Recent Update on HUB

HUB24 Limited (ASX: HUB) recently came forward and made an announcement that Mark Goodrick, Chief Financial Officer and Joint Company Secretary, tendered his resignation. It was further added in the release that he has accepted the position with international infrastructure manager, which would be allowing him to leverage the prior infrastructure experience. Mr Goodrick was an important member of HUB24 executive team and has made significant contribution towards the business. During his tenure, the company’s business witnessed a substantial increase from $9.1 billion in Funds Under Administration (or FUA) to $14.4 billion in FUA (as at September 30, 2019). The release further stated that HUB24 has become a member of S&P/ASX 200 Index.

The search is now starting for the replacement, and in the meantime Mr Goodrick would be remaining in his role until March 2020, in order to facilitate orderly transition. Paul Howard who happens to be a Joint Company Secretary with Mr Goodrick, is continuing in that role moving forward.

CIM’s Shares Rose 3.16% On December 20, 2019

CIMIC Group Limited (ASX: CIM) made an announcement that it has reached conditional settlement agreement with respect to the class action brought by the shareholders who acquired interest in CIMIC between the time span of November 23, 2010 and October 3, 2013. However, settlement would be having no material impact when it comes to the forecasts of earnings or profit. The settlement is subject to the approval by Federal Court of Australia.


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