Market Update: S&P/ASX200 Gained 0.4% in One Month: What Investors Need to Know

  • Aug 06, 2020 AEST
  • Team Kalkine
Market Update: S&P/ASX200 Gained 0.4% in One Month: What Investors Need to Know

On 6th August 2020, the equity market of Australia ended in green, and the benchmark index S&P/ASX200 experienced a rise of 40.9 points to 6042.2. During the last one month, S&P/ASX200 rose by 0.4%. S&P/ASX 200 Consumer Discretionary (Sector) went up by 16 points to 2,525.6 and S&P/ASX 200 Energy (Sector) moved up by 135.2 points to 7,395.4. At the end of same session, All Ordinaries settled at 6180.3, reflecting a rise of 44.4 points or 0.72%.

S&P/ASX200 Performance (Source: ASX)

On ASX, the share price of oOh!Media Limited (ASX: OML) soared by 8.333% to $0.780 per share. The stock of Monadelphous Group Limited (ASX: MND) inched up by 7.683% to $8.550 per share.  

S&P/NZX50 closed the trading session at 11,765, reflecting a rise of 0.06%. The share price of T&G Global Limited (NZX: TGG) went up by 7.69% to NZ$2.800 per share. The stock of Metro Performance Glass Limited (NZX: MPG) gained 7.32% and settled the day at NZ$0.220 per share. However, the share price of AFC Group Holdings Limited (NZX: AFC) tumbled by 50% and closed at NZ$0.001 per share.

Recently, we have written some crucial information on Kaiser Reef Limited (ASX: KAU), and the readers can view the content by clicking here.

oOh!Media Limited Ended in Green on 6th August 2020.

oOh!Media Limited (ASX: OML) recently notified the market that Philippa Kelly has made a change to holdings in the company by acquiring 20,000 fully paid ordinary shares for a consideration of $19,800.00 on 25th June 2020. The company seems to be well placed to capitalise on structural growth of the Out Of Home market. Recently, the company undertook fully underwritten equity raising of $167 million to enhance liquidity as well as financial flexibility.

During FY19, the company reported revenue amounting to $649.6 million, reflecting a growth of 1% over the previous year.

Monadelphous Group Limited Won Several Contracts in Resource and Energy Sector.

Monadelphous Group Limited (ASX: MND) recently noted that an incorporated joint venture, Zenviron Pty Ltd, has secured a contract from General Electric International Inc to deliver the Murra Warra Stage II Wind Farm in regional Victoria. Zenviron happens to be an incorporated joint venture in which MND is 55% shareholder.

In another update, MND stated that it had won several construction as well as maintenance contracts in resources and energy sectors, having a combined value of ~$150 million. Due to COVID-19, the engineering construction division of the company witnessed supply chain issues, which resulted in delays on large resources construction projects and numerous temporary deferrals to potential new construction contract award dates. The company will make a provision of $14 million before tax in the financial report of FY20 for project underperformance and restructuring costs.

 


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