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On 20th August 2020, equity market of Australia ended in red, and S&P/ASX200 went down by 47.6 points to 6120. During the last five days, the index has gained 0.48%. Most of the sectors on ASX closed in red including S&P/ASX 200 Consumer Staples (Sector), which went down by 58.6 points to 13,180.0 and S&P/ASX 200 Health Care (Sector) witnessed a decline of 1203.8 points to 44,169.5. All Ordinaries stood at 6271.7, indicating a fall of 42.4 points.
On ASX, the share price of IDP Education Limited (ASX: IEL) settled at $19.170 per share. The stock of McMillan Shakespeare Limited (ASX: MMS) moved up by 14.794% to $10.010 per share.
Stock Performance (Source: ASX)
At the close of same session, S&P/NZX50 stood at 11,662 with a fall of 0.76%. The share price of New Talisman Gold Mines Limited (NZX: NTL) rose by 14.29% to NZ$0.008 per share. The stock of Cannasouth Limited (ASX:CBD) soared by 11.27% to NZ$0.790 per share. On the other hand, the share price of Templeton Emerging Markets Investment Trust Plc (NZX: TEM) went down by 3.59% to NZ$16.100 per share.
Recently, we have written an article on Monadelphous Group Limited (ASX:MND), which could be beneficial for the market participants. Readers can view the content by clicking here.
IDP Education Limited Released FY20 Earnings
IDP Education Limited (ASX:IEL) recently released its FY20 results, wherein, it recorded earnings before interest and tax amounting to $107.8 million, reflecting a rise of 11% against FY19. Net profit after tax and amortisation for the period amounted to $70.4 million with a rise of 3% on pcp.
The company experienced an increase of 3% in student placement volumes to 51,000. The company cemented its balance sheet through an equity raising of $254 million and working capital facility of $175 million. The company managed to close FY20 with a cash balance of $307 million.
McMillan Shakespeare Limited Ended in Green on Australian Securities Exchange
McMillan Shakespeare Limited (ASX:MMS) recently notified the market with FY20 results, wherein, it reported a fall of 10.1% in revenue to $494.0 million. UNPATA for the year stood at $69.0 million with a fall of 22.2%. As at 30th June 2020, the net cash balance of the company stood at $66.7 million, excluding fleet funded debt.
