At the close of trading session on 4th February 2020, the equity market of Australia ended in green. The S&P/ASX200 settled at 6948.7 with a rise of 25.4 points or approximately 0.4%. All Ordinaries also advanced further by ~0.4% to close the trading at 7047.6. Moving towards the performance of some sectors, including S&P/ASX 200 Consumer Staples (Sector), which inched upward by 1.14% to settle at 13,265.8 and S&P/ASX 200 Health Care (Sector), which closed the session at 45,583.9, registering a surge of 259.8 points.
Let us now look at the performance of some companies that performed well on ASX. Pilbara Minerals Limited (ASX: PLS) closed the day’s trading at A$0.310, reflecting an increase of 8.772%. Blackmores Limited (ASX: BKL) settled at A$93.790, up by 7.594%.
Turning the needle at NZX main Board, with Just Life Group Limited (NZX: JLG) closing at NZ$0.550 per share after moving up by 7.84%. Scott Technology Limited (NZX: SCT) also ended the session in green after increasing 6.00% to settle at NZ$2.120 per share. When it comes to loser, Napier Port Holdings Limited (NZX: NPH) witnessed a decline of 6.05% and closed at NZ$3.570 per share.
We have written an article on Ora Banda Mining Limited (ASX: OBM), covering important information on the mineral explorer. To read the article, please click here.
Pilbara Minerals Limited Ends in Green on Australian Stock Exchange
Pilbara Minerals Limited (ASX: PLS) recently updated the market with activities for the quarter ended 31st December 2019. The company reported that in response to current market conditions, campaign mining and processing has continued.
During the quarter, spodumene concentrate totalling 33,178 dmt was shipped. The company also wrapped up an equity raising program amounting to $111.5 million during the three months to December 2019 after the receipt of $50 million from Contemporary Amperex Technology (CATL) as well as closure of the oversubscribed $20 million Share Purchase Plan during October 2019.
As at 31st December 2019, the cash balance of the company stood at $105.5 million, including proceeds amounting to $70 million received after the completion of the successful equity raising.
Natural Health Solutions Provider, Blackmores Limited Up 7.594%
In December 2019, Blackmores Limited (ASX: BKL) announced to have appointed Mr Gunther Burghardt to the role of Group Chief Financial Officer, which became effective on 6th January 2020.
On the operational front, the company experienced strong growth across other Asian markets during FY19. The company reported revenue amounting to $610 million during the financial year 2019, reflecting a rise of 1% as compared to the previous year.
The Board also declared a final dividend amounting to 70 cps, owing to which the fully franked total dividends for the year reached 220 cps.
On the outlook front, the company is confident about significant opportunities, which are available to the business even with the challenging trading conditions.