Market Update: Performance of Markets on 12th June 2020

The equity market of Australia ended in red on 12th June 2020, and S&P/ASX200 tumbled 112.8 points to 5847.8. During the last five days, the index has lost 2.52%. Most of the sectors on ASX ended in red such as S&P/ASX 200 Industrials (Sector), which moved down by 112.7 points to 5,851.5. S&P/ASX 200 Materials (Sector) closed the session at 13,232.6, reflecting a fall of 227.3 points or 1.69%. All Ordinaries settled at 5959.9, indicating a decline of 1.97%.

On ASX, the share price of Seven Group Holdings Limited (ASX: SVW) went up by 1.999% to $17.350 per share. The stock of TPG Telecom Limited (ASX: TPM) closed the session at $8.200 per share with a rise of 1.863%.

Stock Performance (Source: ASX)

S&P/NZX50 experienced a fall of 2.23% and ended the session at 10,906. The share price of AFC Group Holdings Limited (NZX: AFC) rose by 100% to NZ$0.002 per share. The stock of Blackwell Global Holdings Limited (NZX: BGI) soared by 50.00% and closed the day at NZ$0.015 per share. However, the share of New Talisman Gold Mines Limited (NZX: NTL) witnessed a fall of 12.50% to NZ$0.007 per share.

Recently, we have written an article on MRG Metals Limited (ASX:MRQ), and the readers can view the information by clicking here.

Seven Group Holdings Limited Rose 1.999% on Australian Securities Exchange

Seven Group Holdings Limited (ASX: SVW), in a recent presentation, stated that it is a leading operating and investment group with total assets amounting $6.9 billion. SVW is uniquely placed to respond to the crisis via industry-leading equipment. The aim of the group is to maximise return to stakeholders via long-term sustainable value creation. SVW has placed its focus on cash flow and funding to drive financial returns. SVW possesses more than $700 million in new funding and $616 million in existing committed undrawn funding. The company has suspended its guidance for FY20 due to uncertainty around trading conditions caused by COVID-19.

TPG Telecom Limited Ended in Green on 12th June 2020

TPG Telecom Limited (ASX: TPM) recently announced that it expects to pay a fully franked cash special dividend in the range of $0.49 per share to $0.52 per share with the record date of 1st July 2020. On 19th May 2020, the company announced that the Australian Securities & Investments Commission has registered the Scheme Booklet for the proposed merger of TPG and Vodafone Hutchison Australia Limited through a scheme of arrangement. Moreover, the proposed merger has been approved by the Foreign Investment Review Board. The stock of TPM is up by 1.863% due to the announcement of a special dividend.

Ingenia Communities Group Raised $28 million through SPP

Ingenia Communities Group (ASX: INA) recently closed its Security Purchase Plan (SPP) and raised $28 million, which was increased from the original target of $25 million due to strong demand from eligible security holders. This amount would further cement the Group’s balance sheet and provide additional funding capacity.


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.
   
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. OK