Market Update: S&P/ASX200 Ended in Red; CLW Rose by 5.074%

  • Aug 07, 2020 AEST
  • Team Kalkine
Market Update: S&P/ASX200 Ended in Red; CLW Rose by 5.074%

At the close of trading session on 7th August 2020, the equity market of Australia closed in red. The benchmark index S&P/ASX200 settled at 6004.8, reflecting a fall of 37.4 points or 0.62%. S&P/ASX 200 Health Care (Sector) experienced a fall of 474.2 points to 40,890.1. S&P/ASX 200 Materials (Sector) stood at 14,700.8, indicating a decline of 226.8 points. All Ordinaries ended the session at 6144.9 with a fall of 35.4 points.

On ASX, the share price of Corporate Travel Management Limited (ASX: CTD) rose by 6.448% to $9.740 per share. The stock of Charter Hall Long WALE REIT (ASX: CLW) ended at $4.970 per share.

Stock Performance (Source: ASX)

At the end of same session, S&P/NZX50 stood at 11,647 with a fall of 1.00%. The share price of Just Life Group Limited (NZX: JLG) soared by 10.13% to NZ$0.435 per share. The stock of Scott Technology Limited (NZX: SCT) rose by 5.88% to NZ$1.800 per share. On the other hand, the share price of Cavalier Corporation Limited (NZX: CAV) plunged by 9.38% to NZ$0.290 per share.

Recently, we have written an article on Cirralto Limited (ASX: CRO), and the readers can view the content by clicking here.  

Corporate Travel Management Limited Ended in Green on 7th August 2020.

Corporate Travel Management Limited (ASX: CTD) recently announced that it is in a strong liquidity position and it has reached an agreement with its existing banking group to waive all financial covenants for CY 2020.

As at 7th May 2020, the net cash balance of the company stood at around $30 million.  The company has withdrawn its guidance for FY20 due to increased uncertainty surrounding the severity of coronavirus pandemic.

Charter Hall Long WALE REIT Released FY20 Earnings.

Charter Hall Long WALE REIT (ASX: CLW) recently released its results for FY20, wherein, it reported operating earnings amounting to $121.9 million, reflecting a rise of 5.2% over pcp. Statutory profit for the period stood at $122.4 million. During FY20, the company announced new property acquisitions of $1.4 billion.

The total property portfolio of CLW went up by ~$1.52 billion to $3.63 billion. This was driven by net acquisitions and capex of $1.4 billion and property revaluations of $96 million.

For FY20, the company reported a distribution per unit of 28.3 cents with a growth of 5.2%. For FY21, the company expects operating EPS of minimum 29.1 cents per security. The company is also targeting the distribution pay-out ratio of 100% of operating earnings.


The website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article 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 the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


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

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK