Market Update: Performance of Markets on 30th June 2020

  • Jun 30, 2020 AEST
  • Team Kalkine
Market Update: Performance of Markets on 30th June 2020

At the close of the trading session on 30th June 2020, equity market of Australia settled in green. S&P/ASX200 witnessed a rise of 82.9 points or 1.43% to 5897.9. Most of the sectors on ASX closed in green such as S&P/ASX 200 Consumer Discretionary (Sector), which went up by 2.24% to 2,434.9. S&P/ASX 200 Information Technology (Sector) stood at 1,570.4 with a rise of 2.59%. At the end of the same trading session, All Ordinaries closed at 6001.3 with a rise of 1.45%.

On ASX, the share price of Collins Foods Limited (ASX: CKF) rose by 12.679% to $9.420 per share. The stock of NRW Holdings Limited (ASX: NWH) moved up by 10.029% and closed the trading session at $1.865 per share.

Stock Performance (Source: ASX)

S&P/NZX50 experienced an increase of 1.76% and settled at 11,451. The share price of JPMorgan Global Growth & Income plc (NZX: JPG) surged by 8.06% to NZ$6.700 per share. The stock price of Fisher & Paykel Healthcare Corporation Limited (NZX: FPH) soared by 6.27% to NZ$35.600 per share. However, the stock of Wellington Drive Technologies Limited (NZX: WDT) tumbled by 14.89% to NZ$0.080 per share.

Recently, we have written an article on WiseTech Global Ltd. (ASX: WTC), which could be beneficial for the market players. Readers can view the content by clicking here.

Collins Foods Limited Rose 12.679% on Australian Securities Exchange

Collins Foods Limited (ASX: CKF) has recently released its FY20 results; wherein, it reported revenue amounting to $981.7 million, reflecting a rise of 8.9%. The company experienced a rise of 6.3% in underlying EBITDA to $120.6 million. This includes KFC Australia underlying EBITDA margin of 16.8% mainly driven by sales leverage and effective cost control. The company declared fully franked final dividend amounting to 10.5 cents per ordinary share. This brought the total FY20 dividend to 20.0 cents per share. At the end of FY20, net debt of the company stood at $203.2 million. CKF would continue to look for ways to ramp up its growth through organic development and acquisitions. The stock of CKF is up due to the release of results for the financial year 2020.

NRW Holdings Limited Ended in Green on 30th June 2020

NRW Holdings Limited (ASX: NWH) recently stated that Mitsubishi UFJ Financial Group, Inc. has ceased to become a substantial holder in the company on 24th June 2020. For the 10 months ended 30th April 2020, the company recorded revenue amounting to $1.6 billion. For FY20, the company is on track to match the revenue guidance of $2 billion.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article 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 the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
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