Market Update: Understanding Performance of Australian Equity Market on 15 January 2020

  • Jan 15, 2020 AEDT
  • Team Kalkine
Market Update: Understanding Performance of Australian Equity Market on 15 January 2020

The Australian market advanced further on the trading session on 15th January 2020. The benchmark index, i.e. S&P/ASX 200 stood at 6994.8 after inching upward by 32.6 points or 0.5%. S&P/ASX 200 Energy (Sector) and S&P/ASX 200 Health Care (Sector) performed well, gaining 77.8 points and 240 points to close at 12,139.3 and 43,580.2, respectively. On the same trading session, All Ordinaries registered a rise of 35.5 points or 0.5%, settling at 7113.5.

Coming to the performance of some companies that ended the session in green. St Barbara Limited (ASX: SBM) closed at A$2.930 per share with a rise of 8.118% and Evolution Mining Limited (ASX: EVN) settled at A$3.850, up by 5.769%.

Looking at the gainers and losers at NZX Main Board, TruScreen Limited (NZX: TRU) closed at NZ$0.109 per share, reflecting an increase of 12.37% and Plexure Group Limited (NZX: PLX) stood at NZ$0.790 per share, up by 5.33% on an intraday basis. On the loser front, Gentrack Group Limited (NZX: GTK) witnessed a decline of 26.65% and reached NZ$2.890 per share. Also, Chatham Rock Phosphate Limited (NZX: CRP) witnessed a fall of 9.09% and stood at NZ$0.170.

Recently, we covered important information on Imugene Limited (ASX: IMU). Readers can click here to have a look at the article.

St Barbara Limited Rose by 8.118% on Australian Stock Exchange

St Barbara Limited (ASX: SBM) notified Australian Potash Limited regarding the completion of its expenditure obligation under the First Earn-in Period with respect to the Lake Wells Gold Project Earn-in and Joint Venture Agreement. Also, the company provided acceptance to reimburse APC $318,000 for previously incurred gold exploration expenditure. In addition, the company would now be proceeding towards the Second Earn-in Period.

SBM possesses the right to earn up to a 70% participating interest in the Lake Wells Gold Project tenements via the expenditure of $1,750,000 in the First Earn-in Period, and $3,500,000 in the Second Earn-in Period.

As per another market release, the company ceased to be a substantial holder in Prodigy Gold NL on 13th December 2019. Meanwhile, the company notified that Mr Bob Vassie would be retiring from his role as Managing Director and CEO in 2020, with Mr Craig Jetson succeeding Mr Vassie as MD & CEO and commencing with his role on 3 February 2020.

Evolution Mining Limited Closed in Green

Evolution Mining Limited (ASX: EVN) recently announced an operational update for the December 2019 quarter, outlining that gold production of the group stood at 170,890 ounces with All-in Sustaining Cost1 amounting to A$1,069/oz.

At the end of December 2019 quarter, the company had no debt with cash at bank of A$170.3 million after the payment of outstanding bank debt amounting to A$275.0 million. This reflects an increase of A$78.6 million from the 30 September 2019 net cash position of A$91.7 million.


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