Market Update: Performance of Australian Market on 30th December 2019

  • Dec 30, 2019 AEDT
  • Team Kalkine
Market Update: Performance of Australian Market on 30th December 2019

The equity market in Australia closed in red at the end of trading session on 30th December 2019. The S&P/ASX200 stood at 6804.9, reflecting a decline of 16.8 points or 0.25%. Most of the sectors traded in the red zone such as S&P/ASX 200 Energy (Sector) that witnessed a fall of 15.1 points and reached 11,687.5, while S&P/ASX 200 Financials (Sector) ended the trading session at 6,056.7, declining by 1.9 points. At the close of the trading session, All Ordinaries posted a fall of 14.7 points and stood at 6921.6.

Even though a decline in the equity market of Australia was witnessed, there were some companies that managed to close the trading session in green. These companies provided market participants a day full of wealth. Some of the companies that traded in green include Pilbara Minerals Limited (ASX: PLS), which closed the trading session at A$0.290 per share and moved upward by 9.434% and NRW Holdings Limited (ASX: NWH), which experienced an increase of 4.658% and settled at A$3.370 per share.

Looking at the losers and gainers of NZX Main Board, Blis Technologies Limited (NZX: BLT) has been a top gainer, which closed at NZ$0.065 per share, up 20.37%. PaySauce Limited (NZX: PYS) stood at NZ$0.780 with a rise of 20.00%. While Michael Hill International Ltd (NZX: MHJ) experienced a decline of 4.23% and stood at NZ$0.680. Geneva Finance Limited (NZX: GFL) closed the session at NZ$0.520 per share and registered a decline of 3.70%.

We have also covered important information on two health care companies - Telix Pharmaceuticals Limited (ASX: TLX) and Regis Healthcare Limited (ASX: REG). To have a quick glance at the information, please click here.

Pilbara Minerals Limited Granted Options

Pilbara Minerals Limited (ASX: PLS), on 13th December 2019, granted 18,892,603 options with respect to employee award plan to select employees of the company. With the commissioning and operation of its Pilgangoora Project, the company emerged as a new Australian lithium tantalum producer in FY19. The company continues to consider the longer-term growth pathway for the Pilgangoora Project, on the back of a strong network of global customers as well as with confidence in the future demand for its high-quality product. On the outlook front, the company is optimistic about the medium and long-term demand for its high-quality spodumene concentrate product.

NRW Holdings Limited Rose 4.658% on Australian Stock Exchange

NRW Holdings Limited (ASX: NWH) has successfully completed the acquisition of BGC Contracting Pty Ltd. In another update, the company announced that an infrastructure contract with Fortescue Metals Group at its Eliwana Mine and Rail project has been awarded to BGC Contracting. The new contract valued at around $138mn would aid the development of 143km of rail for the Eliwana project. The project is scheduled for completion in late 2020.


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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.

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