Market Update: Overview of Performance Of Australian Markets

October 21, 2019 11:22 PM AEDT | By Team Kalkine Media
 Market Update: Overview of Performance Of Australian Markets

As the market players are aware, performance of broader Australian markets is expected to be influenced by the health of global economy. Also, performance of global markets can influence the performance of Australian equities. Any sort of economic uncertainties that could have an unfavourable impact on Australian economy can also weigh over the performance of Australian markets. We would now have a quick look at the market performance.

On October 21, 2019, S&P/ASX200 ended the session in green, as the index witnessed a rise of 2.8 points to finally close at 6652.5. On the other hand, All Ordinaries closed the session in red, as there was a fall of 0.7 points to end at 6757.7. We would now have a look at how individual stocks performed on ASX.

Inghams Group Limited (ASX: ING) ended the session in green, as the stock price witnessed a rise of 3.767% and finally closed at A$3.030 per share. On the other hand, WiseTech Global Limited (ASX: WTC) and Treasury Wine Estates Limited (ASX:TWE) ended the session in red, as the share price of these stocks fell by 12.333% and 11.828%, respectively. As per ASX, the market capitalisation of TWE stood at A$13.39 billion.

We have written some important information on the stocks and that information can be useful for investors. Therefore, we advise the readers to have a quick look at the same. We have written about Imugene Limited (ASX: IMU) and the investors can have a look at it by clicking here. We have also covered Greenland Minerals Limited (ASX: GGG) and the investors can have a look at the information provided by clicking here.

Recent Update About Stockland: What Investors Need to Know

Stockland (ASX: SGP) released its first quarter market update for the FY 2020 period on October 21, highlighting improvement with regards to residential sales, increase in comparable retail MAT growth and continued up-weighting in logistics. Also, there was progress with respect to the commercial property development pipeline. The company’s document also contained the viewpoints of Managing Director and Chief Executive Officer (or CEO). It was added that the company maintained the disciplined focus towards strategy execution. It was also mentioned that the number of defaults is moderating, and default rate is anticipated to decline over balance of the financial year.

On October 21, 2019, the company’s Chairman Tom Pockett announced the appointment of Kate McKenzie to the Board, which would be effective from December 2, 2019.

We would now have a look at how the stock of SGP performed on Australian Securities Exchange (or ASX). On October 21, 2019, the stock of SGP ended the session in green, as the stock price witnessed a rise of 6.494% on an intraday basis to end the session at A$4.920 per share.

SGP Daily Technical Chart (Source: Thomson Reuters)

Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.