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