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Market Update: S&P/ASX200 Ended in Red; SUL Rose by 9.494%

  • July 31, 2020 11:00 PM AEST
  • Team Kalkine
Market Update: S&P/ASX200 Ended in Red; SUL Rose by 9.494%

At the close of the trading session on 31st July 2020, equity market of Australia ended in red. The benchmark index S&P/ASX200 witnessed a decline of 123.3 points to 5927.8. The index has lost 1.60% during the last five days. S&P/ASX 200 Consumer Discretionary (Sector) moved down by 13.7 points to 2,499.8. S&P/ASX 200 Health Care (Sector) stood at 40,547.9, reflecting a fall of 654.4 points. All Ordinaries also experienced a decline of 119.2 points and settled at 6058.3.

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S&P/ASX200 Performance (Source: ASX)

On ASX, the share price of Super Retail Group Limited (ASX: SUL) settled at $8.880 per share. The stock of NRW Holdings Limited (ASX: NWH) inched up by 7.941% to $1.835 per share.

At the end of the same trading session, S&P/NZX50 stood at 11,728 with an increase of 0.30%. The share price of Cavalier Corporation Limited (NZX: CAV) rose by 10.26% to NZ$0.430 per share. The stock of Tourism Holdings Limited (NZX: THL) went up by 9.94% to NZ$1.880 per share. On the other hand, the share price of Ascension Capital Limited (NZX: ACE) tumbled by 33.33% to NZ$0.002 per share.

Recently, we have written an article on Cobalt Blue Holdings Limited (ASX: COB), and the readers can click here to view the content.

Super Retail Group Limited Provided Update on FY20 Results

Super Retail Group Limited (ASX: SUL) recently provided an update on sales and the Group’s (unaudited) full-year financial results for 2019/20. For the 52-week ended 27 June 2020, the company reported total sales growth of 4.2%. Considering the unaudited estimates, the company expects to report total revenue of around $2.82 billion and pro forma segment EBITDA in the range of $327 million and $328 million. The company is likely to report pro forma segment EBIT in the ambit of $235 million and $236 million, and pro forma normalised NPAT of between $153 million and $154 million.

NRW Holdings Limited Ended in Green on 31st July 2020

NRW Holdings Limited (ASX: NWH) recently notified the market that Southwest Connex Alliance has been selected as the Preferred Proponent for the Bunbury Outer Ring Road project. Notably, Southwest Connex Alliance comprises Acciona, NRW Contracting, MACA Civil, AECOM and Aurecon. NRW Contracting happens to be a 40% partner in the Alliance.

The company added that the Southwest Connex Alliance enters a period of negotiation for the Project Alliance Agreement. The company has recently released unaudited financial performance for the 10 months to April 2020. The company posted record revenue amounting to $1.6 billion and EBITDA of $177 million. As of 30th April 2020, the company reported a net debt balance of $115 million.



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