On 12th August 2020, Australian equity market ended in red, and the benchmark index S&P/ASX200 moved down by 6.7 points to 6132. During the last one month, index has gained 3.5%. S&P/ASX 200 Materials (Sector) stood at 14,622.5, reflecting a fall of 241 points and S&P/ASX 200 Utilities (Sector) settled at 7,817.7, with a fall of 22.1 points. At the close of same session, All Ordinaries ended at 6257, indicating a decline of 15.1 points.
S&P/ASX200 Performance (Source: ASX)
S&P/NZX50 closed the session at 11,492 with a fall of 1.32%. The share price of The City of London Investment Trust Plc (NZX: TCL) went up by 3.61% to NZ$6.600 per share. The stock of Scott Technology Limited (NZX: SCT) closed at NZ$1.820 per share with a rise of 3.41%. On the other hand, the share price of Good Spirits Hospitality Limited (NZX: GSH) plunged by 16.67% to NZ$0.070 per share.
Recently, we have covered some crucial information on QEM Limited (ASX: QEM), and the readers can click here to view the content.
Unibail-Rodamco-Westfield Reported Fall in AREPS During 1H FY20.
Unibail-Rodamco-Westfield (ASX: URW) recently released its 1H FY20 results, wherein, it reported adjusted recurring earnings per stapled share (AREPS) of €4.65, reflecting a fall of 28.0% over 1H FY19. As at 30th June 2020, the Gross Market Value (GMV) of its assets went down by 7.6% to €60.4 billion on a proportionate basis. In addition, the Shopping Centre GMV stood at €51.8 billion, reflecting a fall of 5.2% on a like-for-like basis. URW’s average cost of debt marginally increased to 1.7%. The company closed 1H FY20 with cash and undrawn available credit lines of €12.7 billion.
Virgin Money UK PLC Released Q3 FY20 Results.
Virgin Money UK PLC (ASX: VUK) recently announced its results for Q3 FY20 wherein it reported a growth of 4.8% in customer deposits to £67.7 billion. This growth was mainly due to lower personal customer spending during lockdown and business customers maintaining higher levels of liquidity. For FY20, the company expects to report NIM in the range of 155 bps to 160 bps.
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.