Market Update: How S&P/ASX200 Performed on January 9, 2020? An Overview

  • Jan 09, 2020 AEDT
  • Team Kalkine
Market Update: How S&P/ASX200 Performed on January 9, 2020? An Overview

The performance of Australian markets are affected by the performance of global markets as well as by the health of global economy. We will be having a look at how S&P/ASX200 performed on January 9, 2020. The equity market of Australia ended the session in green and the benchmark index S&P/ASX200 showcased a rise of 56.6 points or 0.8% and reached at 6874.2. Let us now look at the performance some sectors on January 9, 2020. S&P/ASX 200 Consumer Staples (Sector) closed at 12,506.8 with a rise of 89.4 points on an intraday basis. On the same day, S&P/ASX 200 Materials (Sector) ended the trading session at 14,177.6, reflecting a rise of 111.2 points. Notably, All Ordinaries stood at 6991.4, indicating an increase of 61.3 points or 0.9%.

We will now look at the performance of some individual companies. Pilbara Minerals Limited (ASX: PLS) ended at the price of A$0.330 per share with a rise of 10% on an intraday basis. PolyNovo Limited (ASX: PNV) showcased a rise of 8.311% and closed at A$2.020 per share.

Let us now have a look at the performance at NZX Main Board. Burger Fuel Group Limited (BFG) ended the trading session at NZ$0.520, reflecting a rise of 19.54% on an intraday basis. Blackwell Global Holdings Limited (BGI) experienced an increase of 16.67% and closed at NZ$0.007.

Recently, we have written crucial information on Great Southern Mining (ASX: GSN) which could be beneficial for the market participants. To view, please click here.

Pilbara Minerals Limited Ended in Green on Australian Stock Exchange

Pilbara Minerals Limited (ASX: PLS) recently stated that campaign mining and processing programs are underway with respect to Pilgangoora Lithium-Tantalum Project. The company is aiming cash operating costs in range of US$320 - $350/dmt CFR China from June 2020 and once the steady state full production capacity gets achieved. The FY 2019 has marked Pilbara Minerals’ emergence as the new Australian lithium-tantalum producer through commissioning as well as now operation of the Pilgangoora Project. The company continues to consider the longer-term growth pathway for the Pilgangoora Project on the back of strong network of global customers and with confidence in the future demand for its high-quality product.

Jumbo Interactive Limited ended the session by Increasing 7.877%

Jumbo Interactive Limited (ASX: JIN) recently announced that Sharon Anne Christensen has made a change to holdings in the company by acquiring 1,050 fully paid ordinary shares at the cash consideration of $15,098 on 23rd and 24th December 2019. For the half-year ended 31st December 2019, the company is expecting net profit after tax to experience a rise of around 13% and the figure would reach around $14.3 million after expenses, which are related to increased business development activity as well as one-off acquisition costs for Gatherwell Limited.

However, the company has not stated any change to dividend policy, which was 85% of net profit after tax. Total transaction value is anticipated to increase by around 27%, while the company’s EBIT is expected to increase by approximately 14%.


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