Market Update: Understanding Performance of Australian Market on 6 February 2020

February 06, 2020 09:07 PM AEDT | By Team Kalkine Media
 Market Update: Understanding Performance of Australian Market on 6 February 2020

Australian equity market ended the session in green and benchmark index S&P/ASX 200 settled at 7049.2 with a rise of 73.1 points or 1.0% on 6 February 2020. Moreover, All Ordinaries inched upward by 67.8 points to close the day’s trading at 7148.7.

Let’s now look at performance of some sectors. S&P/ASX 200 Energy (Sector) reported a rise of 176.6 points and closed at 11,234.6. S&P/ASX 200 Financials (Sector) witnessed the closing at 6,272.5 with an increase of 1.39% on an intraday basis.

Moving towards the performance of some companies that settled in green. Pinnacle Investment Management Group Limited (ASX: PNI) settled at A$5.570 per share, reflecting a rise of 11.178%. Janus Henderson Group Plc (ASX: JHG) inched upward by 7.076% and ended the session at a closing price of A$41.160 per share.

At NZX Main Board, Smartpay Holdings Limited (NZX: SPY) was amongst the top gainers, experiencing the closing at NZ$0.725 with an increase of 9.85%. Tourism Holdings Limited (NZX: THL) ended the trading session at NZ$3.000, up by 7.14%. Coming to the losers, Geneva Finance Limited (NZX: GFL) registered a decline of 8.00% and closed at NZ$0.460 per share.

Recently, we covered an interesting article on Great Western Exploration Limited (ASX:GTE). To read, please click here.

Pinnacle Investment Management Group Limited Releases 1H FY20 Earnings

Pinnacle Investment Management Group Limited (ASX:PNI) updated the market with operational and financial performance for 1H FY20.

The company reported net profit after tax from continuing operations amounting to $13.8 million, indicating a rise of 36.6% as compared to $10.1 million in the first half of financial year 2019. As at 31st December 2019, retail FUM stood at $14.9 billion against $11.6 billion at 30 June 2019.

The Board of the company declared a fully franked interim dividend amounting to 6.9 cps, which is scheduled for payment on 20th March 2020, reflecting a payout ratio of 90% of diluted EPS.

During the period, the company also acquired a 25% interest in Coolabah Capital Pty Limited, which was financed by the CBA facility.

Janus Henderson Group Plc Settles in Green

Janus Henderson Group Plc (ASX:JHG) reported its earnings for Q4 FY19, registering operating income of US$154.3 million, up from US$143.6 million in Q3 FY19. Asset under management for the period stood at US$374.8 billion, up by 5% from Q3 FY19. This was due to the strong markets and favourable foreign exchange (FX), which was partially offset by net outflows.

The Board of the company declared a quarterly dividend amounting to US$0.36 per share.


Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.