Market Update: S&P/ASX200 Ended Session in Green: What Market Players Need to Know

  • Nov 19, 2019 AEDT
  • Team Kalkine
Market Update: S&P/ASX200 Ended Session in Green: What Market Players Need to Know

As the market players are aware, Australian stock markets are generally influenced by the health of global economy as well as performance of the Australian economy. A rise in economic uncertainties might negatively impact the performance of Australian economy, which could, in turn, weigh over the performance of Australian equities. Let us now have a look at how S&P/ASX200 performed.

At the end of trading session on 19th November 2019, S&P/ASX200 closed in green. With a rise of 47.4 points, the index closed at 6814.2. In the same session, All Ordinaries also closed the session in green, up 0.6% or 42.4 points, settling at 6914.1. We would be having a look at some individual stocks, which closed the trading session in green on Australian Securities Exchange (or ASX).

On 19th November 2019, The A2 Milk Company Limited (ASX: A2M) closed the session at a price of A$13.370 per share, reflecting an increase of 11.231% on an intraday basis on ASX. On the same session of trading, Pilbara Minerals Limited (ASX: PLS) closed the trading session at a price of A$0.310 per share, which reflects an increase of 5.085% on an intraday basis on ASX.

We have provided important information on some of the companies and the readers can have a look on the articles. To read the key information covered on Rafaella Resources Limited (ASX: RFR), readers can click here.

Recent announcement related to The A2 Milk Company Limited

Today, on 19th November 2019, Synlait Milk Limited renegotiated aspects of its comprehensive manufacturing as well as supply arrangements with The A2 Milk Company Limited (ASX: A2M). In the release it was stated that the supply agreement for a2 Platinum® and other nutritional products, that was announced to the market on 3rd July 2018, provided for a minimum 5-year term, with a rolling 3-year term from 1st August 2020.

Synlait also unveiled the key components of the revised agreement such as (1) extension of two-year to the term of the agreement, effectively providing for a new minimum term to, at the earliest, 31 July 2025, (2) a rise in the volume of nutritional products over which Synlait already has exclusive supply rights, (3) increased committed production capacity from Synlait, and (4) pricing terms which reflect the commitment on the part of both the companies to an ongoing market-competitive pricing regime.

Pilbara Minerals Limited Rose 5.085% on Australian Stock Exchange

Pilbara Minerals Limited (ASX: PLS), in a recent update on its Pilgangoora process plant, mentioned to have witnessed continued improved performance at the Pilgangoora Lithium-Tantalum Project’s processing facilities, wherein the recovery performance is progressing as planned by the company after the completion and commissioning of key plant modifications.

However, further recovery optimisation are anticipated in the upcoming quarters as the moderated production strategy continues.

A2M Daily Technical Chart (Source: Thomson Reuters)


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