Market Update: Performance of Markets on 5th June 2020

  • Jun 05, 2020 AEST
  • Team Kalkine
Market Update: Performance of Markets on 5th June 2020

The equity market of Australia ended in green at the close of week’s last trading session (5th June 2020). S&P/ASX200 settled at 5998.7 with a rise of 6.9 points, and the index has gained 4.22% over the last five days. S&P/ASX 200 Energy (Sector) went up by 91.1 points to 8,054.3. At the end of the same session, All Ordinaries closed at 6116.5, up by 0.07%.

On ASX, the share price of Pilbara Minerals Limited (ASX: PLS) zoomed up by 22.414% to $0.355 per share. The stock of Bank of Queensland Limited (ASX: BOQ) stood at $6.210, implying an increase of 8.947%.

S&P/NZX50 moved down by 0.52% and settled the trading session at 11,172. The share price of Blackwell Global Holdings Limited (NZX: BGI) rose by 14.29% to NZ$0.008 per share. The stock of Kathmandu Holdings Limited (NZX: KMD) inched up by 10.91% to NZ$1.220 per share. However, the stock of Truscreen Limited (NZX: TRU) witnessed a decline of 5.08% to NZ$0.056 per share.

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

Bank of Queensland Limited Rose 8.947% on Australian Securities Exchange

Bank of Queensland Limited (ASX: BOQ) recently released its results for 1H FY20, wherein it reported cash earnings after tax of $151 million, reflecting a fall of 10% against the pcp. Statutory net profit after tax went down by 40% to $93 million. This was mainly due to restructuring charges and intangible asset review. Total income for the period stood at $541 million and net interest income for the period was $483 million, reflecting a rise of 1%. The higher net income was generated because of lending growth of $781 million. The bank maintained stable funding with customer deposits of $32 billion. In the same time span, the bank made decent progress on numerous foundational investments and reported a Common Equity Tier 1 (CET1) capital ratio of 9.91%, reflecting a rise of 87bps on FY19.

Sydney Airport Ended in Green on 5th June 2020

Sydney Airport (ASX: SYD) has recently reported the traffic performance for the month of April 2020, wherein it witnessed a robust decline of 97.5% in total passenger traffic to 92,000 passengers. The international passengers traffic showcased a fall of 96.9% and stood at 43,000, and domestic passenger traffic went down by 97.9% and stood at 49,000. The company added that this decline is likely to persist until the government provides some ease in travel restrictions. In another update, the company announced that it secured an additional bank debt facility of $850 million in order to cement its balance sheet. The company stated that it has no requirement to raise capital, considering its strong balance sheet and liquidity position.


The website 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). 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.

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