On 7th January 2020, S&P/ASX200 stood at 6826.4 with a rise of 90.7 points or 1.3% on an intraday basis. Let us now have a look at the performance of some sectors which ended in green on the same trading session. S&P/ASX 200 Consumer Staples (Sector) ended at 12,430.1 with a rise of 228.1 points. Also, S&P/ASX 200 Consumer Discretionary (Sector) settled at 2,760.2, indicating a rise of 1.49% on an intraday basis. On January 7, 2020, All Ordinaries ended in green as there was a rise of 86.2 points and reached the mark of 6943.6.
Let us now move on to the performance of some individual companies on Australian Securities Exchange (or ASX). On January 7, 2020, PolyNovo Limited (ASX: PNV) experienced an increase of 11.846% on an intraday basis and was closed at A$2.030 per share. Another performer on the ASX was Orocobre Limited (ASX: ORE), which ended the trading session with a rise of 7.042% and stood at A$3.040 per share.
Now we will have a look at the losers and gainers at NZX Main Board. New Talisman Gold Mines Limited (NTL) closed at a price of NZ$0.007 per share, reflecting a surge of 16.67% on an intraday basis. Evolve Education Group Limited (EVO) closed with an increase of 4.00% and stood at NZ$0.182 per share. On the other hand, New Zealand Oil & Gas Ltd (NZO) ended the trading day at a price of NZ$0.660 per share and there was a decline of 5.71%.
We advise the readers to have a look at the content written recently on Calima Energy Limited (ASX: CE1), which covers some important information. To read, please click here.
PolyNovo Limited Experienced its First 2 million Dollar Month
PolyNovo Limited (ASX: PNV), on 7th January 2020, announced that December 2019 month has been proven as the first 2-million-dollar month. However, the first 1-million-dollar month was announced by the company on 2nd May 2019, which provides some feel for the acceleration of sales in the US, and ANZ. It was added that revenue as a result of NovoSorb BTM sales, unaudited, for the month of December 2019 were just more than $2 million as compared to $890k in December 2018 (i.e. an increase of 134%). The key personnel of PolyNovo stated that there are expectations about an acceleration in sales in near term with CE approval.
Orocobre Limited Closed in Green on Australian Stock Exchange
Orocobre Limited (ASX: ORE), through a release, notified the market with an update on expected lithium carbonate pricing for the December quarter. The company stated that, subject to achieving the planned shipping schedule, the indicative weighted average price of lithium carbonate sales for the quarter is anticipated to be around US$5,400/tonne FOB. ORE has made the decision to meet the current pricing in order to ensure the retention of market share. The company possesses a strong balance sheet and the business continues to focus on decreasing the cost of production.
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