Market Update: S&P/ASX200 Ended in Red. What Investors Need to Know

  • Dec 17, 2019 AEDT
  • Team Kalkine
Market Update: S&P/ASX200 Ended in Red. What Investors Need to Know

On the trading session of 17th December 2019, equity markets in Australia ended in red with S&P/ASX 200 witnessing a decline of 2.4 points and settling at 6847.3. Let us now quickly have a look at the performance of some sectors. S&P/ASX 200 Financials (Sector) fell by 0.09% and stood at 6,124.1, while S&P/ASX 200 Health Care (Sector) reported a decline of 74 points and closed the session at 41,765.0. Notably, All Ordinaries experienced a fall of 1.8 points while settling at 6950.5.

Even though there was a marginal fall in S&P/ASX200, there were some companies that ended the session in green on 17th December 2019. Chorus Limited (ASX: CNU) ended the session with a closing price of A$5.860 per share, reflecting a rise of 3.534% on an intraday basis. In the same trading session, IPH Limited (ASX: IPH) closed at A$8.590 per share, up 3.494% on an intraday basis.

Turning eyes on the NZX Main Board, CVT and ENS ended the session in green. Comvita Limited (CVT) closed at NZ$3.090 per share i.e. a rise of 7.67%. Enprise Group Limited (ENS) ended the trading session at NZ$0.850, inching upward by 6.25% on an intraday basis. There were several stocks that ended the session in red, including PaySauce Limited (PYS), which experienced a fall of 6.00% and stood at NZ$0.470. Also, Blis Technologies Limited witnessed a decline of 5.88% on an intraday basis and settled for the day at NZ$0.048 per share.

We have provided some important information on Gold Mountain Limited (ASX: GMN) that the readers can quickly read here.

Chorus Limited Priced EUR300 Million Notes

Chorus Limited (ASX: CNU), on 12th December 2019, announced that it would be releasing half year results for the six months ended 31st December 2019 on 24th February 2020. Also, on 29th November 2019, the company unveiled to have priced a seven-year issue of EUR300 million notes, under its existing Euro Medium Term Note programme.

IPH Limited Rose 3.494% on Australian Stock Exchange

The key personnel of IPH Limited (ASX: IPH) recently addressed the shareholders and stated that, during FY19, the company continued to deliver double-digit growth in revenue and earnings in its Asian operations. The company also experienced improved margins in its Australian and New Zealand businesses. The statutory net profit after tax stood at $53.1 million, reflecting a rise of 31%. Considering the improvement in financial performance, the Directors declared a final dividend amounting to 13 cents per share, 60% franked. This brought the full year dividend to 25 cents per share, which implies an increase of 11% on the previous year.

IPH also mentioned that one of the primary highlights for the year was successful agreement to acquire Xenith IP Group.

CNU Daily Technical Chart (Source: Thomson Reuters)

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