Australian markets are sensitive to the health of global economy as well as to the performance of Australian economy. Any sort of uncertainties that have the potential to weigh over the Australian economy’s performance could negatively impact Australian equities as well. On October 25, 2019, S&P/ASX200 closed the session in green, as there was an increase of 0.7% or 45.6 points on an intraday basis and the day’s session was closed at 6739.2. We will now be having a look at how the stocks performed on October 25, 2019. On ASX, Resolute Mining Limited (ASX: RSG) ended the session in green, reporting an increase of 9.623% on an intraday basis and settling at A$1.310 per share.
On October 25, 2019, Cleanaway Waste Management Limited (ASX: CWY) and GWA Group Limited (ASX: GWA) ended the session in red, declining 13.146% and 3.859%, respectively. We have recently covered some important information on stocks, and we advise the readers to have a quick look at the information as it could be beneficial for them. Recently, we covered CV Check Ltd (ASX: CV1) and the investors can have a quick look by clicking here.
A Recent Update on ResMed Inc
ResMed Inc (ASX: RMD) has come forward and released results for the first quarter of fiscal year 2020. The company’s revenue witnessed an increase of 16% and the figure stood at $681.1 million, however, it rose 17% on a constant currency basis. The company’s gross margin expanded by 120 basis points (or bps) and the figure was 59.5%. The company’s key personnel stated that the global ResMed team delivered another quarter of robust performance and there was double-digit top line revenue growth, balanced growth throughout the businesses and regions, as well as further improvements in the operating leverage resulting in the double-digit growth at bottom line.
The company provided some information on the dividend program. The Board of ResMed also declared a quarterly cash dividend amounting to US$0.39 per share. The dividend has a record date of November 7, 2019 and is payable on December 12, 2019. The dividend would be paid in the U.S. currency to holders of RMD’s common stock trading on the New York Stock Exchange (or NYSE). Additionally, it was mentioned that the holders of Chess Depositary Instruments (or CDI) trading on ASX (or Australian Securities Exchange) would be receiving an equivalent amount in the Australian currency, considering exchange rate on record date, as well as reflecting 10:1 ratio between the CDIs as well as NYSE shares. The market participants also need to note that the ex-dividend date is November 6, 2019, for the common stockholders as well as for the CDI holders.
We would now have a look at how RMD has performed on October 25, 2019. On Australian Securities Exchange, the company’s stock ended the session in green, as there was a rise of 11.022% on an intraday basis, to end the session at A$20.650 per share.RMD Daily Technical Chart (Source: Thomson Reuters)
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