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As the market players are aware, the global stock markets are being influenced by the fears related to COVID-19. The performance of Australian markets is sensitive to the performance of the global markets. On 18th March 2020, the Australian market settled in red and the benchmark index S&P/ASX200 witnessed a sharp decline of 340.2 points to 4953.2. Most of the sectors were in red at the end of trading session. S&P/ASX 200 Consumer Discretionary (Sector) closed at 1,832.8, reflecting a fall of 191.8 points. S&P/ASX 200 Health Care (Sector) plunged 7.26% and settled at 38,330.6.
Some companies on ASX performed well on March 18, 2020. Collins Foods Limited (ASX: CKF) went up by 15.012% and ended at $4.980 per share. St Barbara Limited (ASX: SBM) stood at $2.130 per share, up by 8.951% on an intraday basis.
S&P/NZX50 witnessed a rise of 0.10% to 9,455. Let us now quickly look at the performance of some stocks. Pushpay Holdings Ltd (NZX: PPH) soared 21.48% to NZ$3.110 per share. Asset Plus Limited (NZX: APL) closed the session at NZ$0.510 per share with an increase of 18.60%. On the other hand, Mercer Group Limited (NZX: MGL) tumbled 31.82% and the stock closed at NZ$0.150 per share.
Recently, we have written some important information on engage:BDR Limited (ASX:EN1). We advise the readers to look at article by clicking here.
Collins Foods Limited Rose 15.012% on Australian Stock Exchange.
Collins Foods Limited (ASX:CKF) has recently notified the market with update on COVID-19 and stated that it continues to closely monitor and has been following all guidelines by the Government. Collins Foods and KFC are currently taking the pro-active step of closing their in-restaurant dining areas in Australia in order to support the efforts to slow the spread of coronavirus in the community. Collins Foods’ KFC restaurants would immediately be shifting their focus towards take-away, drive-thru, as well as delivery.
St Barbara Limited Settled in Green on 18th March 2020
For the first half of financial year 2020, the company reported gold production of 181,728 oz with the All-in Sustaining Cost (AISC) amounting to A$1,391/oz. It reported statutory profit after tax amounting to $39 million as compared to $83 million of 1H FY19. The key personnel of SBM mentioned that the financial result was softer, because of lower production reported previously at Gwalia and Simberi. The Directors of the company have decided to pay an interim dividend (fully franked) amounting to 4 cents per fully paid ordinary share. The aggregate amount of the proposed dividend is anticipated to be paid on March 25, 2020 out of the retained earnings at December 31, 2019.
