Market Update: Understanding Performance of Markets on 14 November 2019

  • Nov 14, 2019 AEDT
  • Team Kalkine
Market Update: Understanding Performance of Markets on 14 November 2019

 As investors are aware, stock markets in Australia are sensitive to economic uncertainties. If the health of global economy gets impacted, it might negatively impact the performance of equity markets in Australia. When slowdown occurs, investors tend to opt for safer assets and might decide to sell off their existing holdings in equities. We would now be having a look at the performance of S&P/ASX200 on November 14, 2019.

At the end of trading session on 14th November 2019, S&P/ASX200 closed the trading session in green. With a rise of 36.7 points, the index settled at 6735.1. On the same trading session, All Ordinaries also closed the trading session in green, up 0.5% or 35.2 points, reaching 6840.8. We will be having a look at some individual companies that closed the session in green.

At the close of session, Nearmap Limited (ASX: NEA) ended the session at a price of A$2.840 per share, with a rise of 14.056% on an intraday basis. On the same session, Afterpay Touch Group Limited (ASX: APT) ended the trading session at a closing price of A$31.570 per share, up 7.491%.

Recently, we provided some information on stocks and the readers can have a glance on the information, as it could provide benefits to them. We have covered important information on National Storage REIT (ASX: NSR). Readers can have a look at the information by clicking here.

Nearmap Limited Up 14.056% on ASX

Chairman of Nearmap Limited (ASX: NEA) on 14th November 2019 addressed the shareholders at 2019 AGM, stating that following the introduction of panorama and oblique imagery in FY18, its product offerings expanded again with commercial availability of 3D in MapBrowser, fundamentally changing how people shape and view cities throughout North America and Australia. NEA is also making investments in the development of the next generation camera system, enabling a higher, faster and more efficient capture program.

It would continue to execute on its growth initiatives and anticipates annualised contract value for the group to be in line with consensus forecasts in the range of $116 million to $120 million for FY20.

Recent Update on Afterpay Touch Group Limited

Afterpay Touch Group Limited (ASX: APT), on 13th November 2019, released business update for the four months to 31st October 2019. The growth and performance continued across geographies and as channels. The global underlying sales of $2.7 Bn for the period, implying an increase of 110% on pcp.

The release stated that approximately 40,000 merchants are active on Afterpay platform, that is double on pcp (or previous corresponding period), implying onboarding of higher margin SMB merchants as well as key new enterprise merchants. The company further stated that the strategic agreement signed with Mastercard in ANZ would underpin its growth for mid-term.

NEA Daily Technical Chart (Source: Thomson Reuters)

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.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
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. OK