On 3rd August 2020, the equity market of Australia ended in red, and the benchmark index S&P/ASX200 experienced a fall of 1.7 points and stood at 5926.1. During the last one month, the index has lost 2.2%. S&P/ASX 200 Consumer Discretionary (Sector) moved down by 39.7 points to 2,460.1. S&P/ASX 200 Financials (Sector) stood at 4,639.9 with a decline of 101 points.
On ASX, the share price of Netwealth Group Limited (ASX: NWL) inched up by 5.329% and closed the session at $12.650 per share. The stock of Viva Energy Group Limited (ASX: VEA) stood at $1.690 per share, indicating a rise of 4.969%.
S&P/ASX200 Performance (Source: ASX)
S&P/NZX50 closed the trading session at 11,666, reflecting a fall of 0.52%. The share price of New Talisman Gold Mines Limited (NZX: NTL) soared by 14.29% to NZ$0.008 per share. The stock of Allied Farmers Limited (NZX: ALF) inched up by 6.67% to NZ$0.640 per share. On the other hand, the share price of AFC Group Holdings Limited (NZX: AFC) witnessed a sharp fall of 50.00% to NZ$0.001 per share.
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Viva Energy Group Limited Ended in Green on Australian Securities Exchange
Viva Energy Group Limited (ASX: VEA) recently noted Victorian State Government’s announcements with regards to stage 4 restrictions, Melbourne metropolitan curfew and stage 3 restrictions for regional Victoria, as a response to COVID-19. VEA is focused on maintaining a safe and reliable supply of liquid fuels in order to support its customers as well as the Victorian economy through this challenging environment. In aggregate, VEA’s total Victorian sales of petrol and diesel for the month of July 2020 were in line with the same period of last year. This was due to strong wholesale and agricultural performance.
Netwealth Group Limited Possesses Robust Cash Flows
Netwealth Group Limited (ASX: NWL) recently notified the market that Pinnacle Investment Management Group Limited and its subsidiaries have ceased to become a substantial holder in the company on 9th July 2020.
As at 30th June 2020, the company reported funds under administration (FUA) amounting to $31.5 billion, reflecting a rise of 35% for FY 2020. The uncertainties currently prevailing due to coronavirus make it challenging to predict the future. However, NWL remains positive because of robust cash flows, no debt as well as growing market share.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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