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.