Market Update: S&P/ASX200 Ended in Green. What Market Participants Should Know

  • Dec 27, 2019 AEDT
  • Team Kalkine
Market Update: S&P/ASX200 Ended in Green. What Market Participants Should Know

The Australian stock markets are generally affected by the movement of global stock markets as well as by the health of global economy. If global growth comes into question, the investors might decide to sell their holdings in equities, and they might start making deployments towards safer asset classes. On December 27, 2019, S&P/ASX200 ended in green as there was an increase of 27.5 points or 0.4% on an intraday basis. On the same day, All Ordinaries encountered a rise of 29.9 points or 0.4% on an intraday basis and closed at 6936.3. We would now have a look at how individual stocks performed on ASX. On December 27, 2019, Silver Lake Resources Limited (ASX: SLR) rose by 7.287% on an intraday basis to end the session at A$1.325 per share. On the same day, Jumbo Interactive Limited (ASX: JIN) rose by 5.567% on an intraday basis. However, AusNet Services Limited (ASX: AST) fell by 1.983% to end the session at A$1.730 per share. The stock price of GWA Group Limited (ASX: GWA) declined by 1.734% to end at A$3.400 per share.

At NZX Main Board, PaySauce Limited (PYS) rose by 16.07% on an intraday basis to end the session at NZ$0.650 per share while Oceania Healthcare Limited (OCA) witnessed a rise of 5.69% and closed at NZ$1.300 per share. We will now have a look at the stocks that ended in red. TruScreen Limited (TRU) fell by 6.59% and the stock ended at NZ$0.085 per share while Evolve Education Group Limited (EVO) witnessed a fall of 2.94% on an intraday basis.

Jumbo Interactive Limited Provided Trading Update: A Quick Look

Jumbo Interactive Limited (ASX: JIN) came forward and provided a trading update for the half year to December 31, 2019 as compared to previous corresponding period (or pcp). The release stated that the TTV is expected to rose by around 27%, with good underlying growth from the customer activity on new software platform which has been performing well during the period with same number of large jackpots but of the larger average size. It was further added that growth is also supported by continuing trend towards online lottery play, mainly by younger demographic. The company’s net profit after tax is expected to rose by 13% to around $14.3 million after expenses in relation to increased business development activity as well as one-off acquisition costs for Gatherwell Limited. Notably, dividend policy of the company remains unchanged at 85% of the NPAT.

Jumbo Interactive Limited has made an announcement that it has entered into the new SaaS 5 year licence agreement with Deaf Services for the use of Jumbo Lottery Platform. The release which was issued by JIN added that agreement could be extended to 10 years. However, it is subject to the performance criteria being met. Also, under the agreement, which happens to be in addition to existing product reseller agreement, Deaf Services will be utilising the personalised version of configurable Jumbo Lottery Platform so that entire lottery sales can be managed. 


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Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website 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. We are neither licensed nor qualified to provide investment advice.

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