Market Update: Performance of Markets on 2nd June 2020

  • Jun 02, 2020 AEST
  • Team Kalkine
Market Update: Performance of Markets on 2nd June 2020

At the close of the trading session on 2nd June 2020, equity market of Australia settled in green. Benchmark index S&P/ASX200 stood at 5835.1 with a rise of 15.9 points on an intraday basis. S&P/ASX 200 Industrials (Sector) closed at 5,931.9, reflecting an increase of 1.15% or 67.3 points. S&P/ASX 200 Communication Services (Sector) went up by 4.9 points to 1,181.4. All Ordinaries experienced a sharp rise of 21.7 points to 5960.1 at the end of the same trading session.

On ASX, Perenti Global Limited (ASX: PRN) moved up by 13.36% to $1.400 per share. Domain Holdings Australia Limited (ASX: DHG) rose by 9.934% and settled at $3.320 per share. Unibail-Rodamco-Westfield (ASX: URW) zoomed up to 8.293% and closed the trading session at $4.440 per share.

S&P/NZX50 closed at 11,034 with an increase of 1.39%. Chatham Rock Phosphate Limited (NZX: CRP) soared by 13.37% to NZ$0.195. NZME Limited (NZX: NZM) inched up 13.07% to NZ$0.225. However, SeaDragon Limited (NZX: SEA) moved down by 20.00% to NZ$0.040.

Recently, we have written some crucial information on Sultan Resources Limited (ASX: SLZ), which could be beneficial for the market players. Readers can view the content by clicking here.

Domain Holdings Australia Limited Rose 9.934% on ASX

Domain Holdings Australia Limited (ASX: DHG) recently announced that Nicholas Falloon made a change in holdings of the company by acquiring 31,105 share rights on 7th May 2020. During the quarter ended March 2020, the company reported a rise of 1% in total revenue. During the month of March 2020, the company witnessed a recovery in new listings in key markets. The residential depth yield went up by 17% for the month, which was driven from the positive impact of its new flexible pricing model, and increased depth penetration across all states. The company has bolstered its liquidity position by securing a new debt facility of $80 million for a term of 18 months. For 2H FY20, the company expects a decline of 7% in operating costs due to expense reduction initiatives, and new staff arrangements.

Unibail-Rodamco-Westfield Ended in Green on 2nd June 2020.

Unibail-Rodamco-Westfield (ASX: URW) has recently notified the market that 65 shopping centres of the company have re-opened following the ease in restrictions imposed by the government due to COVID-19 pandemic. The company expects to open 87% of its shopping centres by June 15. It added that this number is expected to increase as US states and counties confirm the end of their restrictions. In another update, the company announced that it has wrapped up the disposal of 5 shopping centres to La Française and Crédit Agricole Assurances. The stock of URW is up by 8.293% to $4.440 per share due to its recent announcement of re-opening of shopping centres.



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