Market Update: Performance of Australian Markets on 19th June 2020

  • Jun 19, 2020 AEST
  • Team Kalkine
Market Update: Performance of Australian Markets on 19th June 2020

At the close of the trading session on 19th June 2020, equity market of Australia ended in green. S&P/ASX200 moved up by 6.1 points to 5942.6. During the last five days, the index has gained 1.62%. S&P/ASX 200 Consumer Staples (Sector) settled at 12,445.3, reflecting a fall of 46.5 points. S&P/ASX 200 Energy (Sector) rose by 41.6 points to 7,754.9. At the close of the same session, All Ordinaries went up by 0.16% to 6061.6.

On ASX, the share price of AP Eagers Limited (ASX: APE) gained 9.869% and closed at $7.570 per share. The stock of Netwealth Group Limited (ASX: NWL) ended the day at $9.030 per share with an increase of 9.058%.

Stock Performance (Source: ASX)

S&P/NZX50 stood at 11,255, reflecting a rise of 0.26% on June 19, 2020. The share price of EROAD Limited (NZX: ERD) rose by 11.90% to NZ$3.290 per share. The stock of Port of Tauranga Ltd (NZX: POT) soared by 9.92% to NZ$8.090 per share. On the other hand, the stock of Me Today Limited (NZX: MEE) plunged by 9.35% to NZ$0.126 per share.

Recently, we have written some crucial information on Australian Bauxite Limited (ASX: ABX), and market players can view the content by clicking here.

AP Eagers Limited Rose 9.869% on Australian Securities Exchange

AP Eagers Limited (ASX: APE) recently announced that it had postponed its annual general meeting from 22 July 2020 to 29 July 2020. In another update, the company announced that Gregory James Duncan has made a change to holdings in the company by acquiring 15,558 ordinary shares at $5.0715 per share. The company has reduced its workforce by around 1,200 roles as an initial response to the COVID-19 pandemic and associated Government-imposed restrictions. The company executed several operational initiatives and other cash management strategies to preserve cash and optimise liquidity. Notably, APE possesses a strong balance sheet.

Netwealth Group Limited Ended in Green on 19th June 2020

Netwealth Group Limited (ASX: NWL) recently announced that Hyperion Asset Management Limited has made a change to their substantial holding in the company on 8th May 2020 with the current voting power of 6.86% as compared to the previous voting power of 7.90%. NWL operates a highly profitable and cash generative business with zero debt and significant cash balances. The company’s revenue as well as profitability continues to be largely resilient because of increased transaction and ancillary revenue, as well as focus towards expenses. The company’s funds flow, transitions and its pipeline are robust although present disruption along with market volatility makes it difficult to forecast flows as well as timing.

 


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