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As the market players are aware, the global stock markets are sensitive to the broader health of global economy as well as to the macro-economic parameters. In the event of slowdown, the investors generally avoid making deployments towards risky asset class (i.e. equities). Some of the investors even sell their equity holdings. Let us now have a quick look at how S&P/ASX200 performed. At the close of trading day on 24th December 2019, the Australian market ended the session in green and S&P/ASX200 closed with a rise of 9.1 points or 0.1% on an intraday basis and reached the mark of 6794.2. We will now be having a look the two sectors which ended in green. On December 24, 2019, S&P/ASX 200 Energy (Sector) experienced a rise of 83.7 points and closed at 11,695.5. Also, S&P/ASX 200 Health Care (Sector) ended the trading session at 41,601.2, indicating a rise of 397.6 points. At the close of same trading session, All Ordinaries stood at 6906.4, up 11.6 points or 0.2% on an intraday basis.
Some individual companies have performed well during the session and they have managed close the session in green. Gold Road Resources Limited (ASX:GOR) closed with a rise of 7.658% and reached at the closing price of A$1.195 per share. Silver Lake Resources Limited (ASX:SLR) ended the trading session at A$1.235 per share with a rise of 6.466%.
Turning to the performance at NZX Main Board, Rakon Limited (RAK) ended the session at a price of NZ$0.285 per share with a rise of 5.56%. Ryman Healthcare Limited (RYM) stood at NZ$16.800 with an increase of 4.35% on an intraday basis. However, Cavalier Corporation Limited (CAV) witnessed a decline of 8.82% and ended at the price of NZ$0.310 per share. Finzsoft Solutions Limited (FIN) fell 3.06% and reached at NZ$0.950 per share.
Previously, we have written important information on Invictus Energy Limited (ASX:IVZ) and we advise the readers that they should have a look at the content. To read the information, please click here.
Gold Road Resources Limited Rose 7.658% on December 24, 2019
Gold Road Resources Limited (ASX:GOR), on 19th December 2019, provided an update on Yamarna Exploration. With respect to Gruyere JV (50% Gold Road), it was added that extensional diamond drilling has been wrapped up at Gruyere. The final assay results which have been received are generally in line with or exceeding expectation and the better results included:
· 149.6 metres at 1.46 g/t Au from 437.4 metres (19GY0363)
· 91.2 metres at 1.47 g/t Au from 275.7 metres (19GY0354)
· 41.4 metres at 2.52 g/t Au from 372.3 metres (19GY0365)
· 159.5 metres at 1.25 g/t Au from 418.9 metres (19GY0361)
Silver Lake Resources Limited Ended in Green on Australian Stock Exchange
Silver Lake Resources Limited (ASX:SLR) recently announced that Ruffer LLP has made a change to their substantial holdings in the company on 19th December 2019 and the current voting power stands at 8.38% as compared to the previous voting power of 9.48%.
GOR Daily Technical Chart (Source: Thomson Reuters)
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