The stock markets in Australia are sensitive to the macro-economic environment and to the health of global economy. If the global growth becomes uncertain, the investors might sell their equity holdings primarily because of the risk associated with the asset class. Notably, in the event of global slowdown, the investors make deployments towards safer asset classes. We will now quickly have a look at the performance of S&P/ASX200.
The Australian market was in green at the end of trading session on 3rd January 2020 and S&P/ASX200 settled at 6733.5 with a rise of 42.9 points or 0.6% on an intraday basis. Now we will have a look at the performance of some sectors. S&P/ASX 200 Energy (Sector) closed at 11,713.2, which implies a rise of 1.66%. On the same day, S&P/ASX 200 Health Care (Sector) reached at 40,850.6, reflecting an increase of 313.4 points. On January 3, 2020, All Ordinaries closed at 6855.2, inching up by 0.7% on an intraday basis.
Let us have a look at the performance of some individual companies on Australian Securities Exchange. On January 3, 2020, Northern Star Resources Ltd (ASX: NST) experienced a rise of 5.768% on an intraday basis and stood at A$11.920 per share. Skycity Entertainment Group Limited (ASX: SKC) settled at a price of A$3.800 per share and which reflects a rise of 4.396%.
We will now talk about the performance at NZX Main Board. PaySauce Limited (PYS) ended with a rise of 39.58% and the closing price was NZ$1.340 per share. New Talisman Gold Mines Limited (NTL) settled at NZ$0.007, reflecting a rise of 16.67%. Now let us have a look at the stocks that ended in red. Cooks Global Foods Limited (CGF) experienced a decline of 4.62% and stood at NZ$0.062 per share. However, Burger Fuel Group Limited (BFG) ended the session with a fall of 3.23% on an intraday basis and the closing price was NZ$0.450 per share.
We have written some important information on Pacifico Minerals Limited (ASX: PMY) and the readers are advised to have a glance at the information. To view, click here.
Northern Star Resources Limited Ended in Green on ASX
Northern Star Resources Limited (ASX: NST) came forward and made an announcement that it has wrapped up the acquisition of all the shares in Kalgoorlie Lake View Pty Ltd, which happens to hold 50% interest in Kalgoorlie Consolidated Gold Mines Pty Ltd. As per the release, Northern Star acquired the interest in KCGM from Newmont Goldcorp Corporation. It is also important to note that Northern Star has acquired certain additional associated assets from Newmont Goldcorp Corporation.
SAR Published Results of Retail Component of An Entitlement Offer
Saracen Mineral Holdings Limited (ASX: SAR) recently made an announcement about the results of retail component of 1 for 5.75 accelerated non-renounceable entitlement offer. SAR received applications for entitlements under retail entitlement offer of around A$37.37 million from the eligible shareholders.