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.
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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%.