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On 4th September 2020, Australian equity market ended in red, and the benchmark index S&P/ASX200 plunged by 3.06% to 5925.5. S&P/ASX 200 Information Technology (Sector) fell by 5.59% to 1,735.8. S&P/ASX 200 Financials (Sector) witnessed a drop of 141 points and settled at 4,634.4. The following image provides an idea as to how S&P/ASX200 has trended:
S&P/ASX200 Performance (Source: ASX)
On ASX, the share price of SkyCity Entertainment Group Limited (ASX: SKC) moved up by 3.629% to $2.570 per share. The stock of Corporate Travel Management Limited (ASX: CTD) inched up by 1.017% to $15.900 per share.
On September 4, 2020, S&P/NZX50 closed the session in red, reflecting a decline of 1.91% to 11,824.31 while S&P/NZX20 fell by 1.98% to 7,843.00. On the same day, S&P/NZX10 also witnessed a decline of 2.34% to 2,113.38.On the same day, the share price of Sky Network Television Limited (NZX: SKT) increased 0.72% to NZ$0.139 per share.
Recently, we have written an article on Fortescue Metals Group Limited (ASX:FMG), and the readers can view the content by clicking here.
Corporate Travel Management Limited Ended in Green on Australian Securities Exchange.
Corporate Travel Management Limited (ASX:CTD) recently announced that Mitsubishi UFJ Financial Group, Inc. has made a change to substantial holding in the company with the current voting power of 6.61% as compared to the previous voting power of 7.65%. For FY20, the company reported underlying EBITDA and NPAT of $65.0 million and $32.0 million, respectively. The company delivered operating cash flow of $79.2 million. CTD cancelled the interim dividend for FY20 and decided not to pay final dividend due to continued uncertainty around recovery timeframes globally.
The Star Entertainment Group Reported Fall in Earnings.
The Star Entertainment Group (ASX:SGR) recently notified the market with FY20 results, wherein, it reported underlying net revenue amounting to $1,657 million, reflecting a fall of 23.3% over pcp. Underlying EBITDA for the period amounted to $430 million, down by 22.8% on pcp. SGR posted NPAT (after equity accounted investments) of $121 million, indicating a decline of 46.0% against FY19. During FY20, the company refinanced its bank facilities, which increased the total facility limit to $1.2 billion. The company closed the year with net debt of $1,383 million.
