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The Australian market settled in red at the close of trading session on 4th March 2020. The S&P/ASX 200 ended at 6325.4 with a fall of 1.7%. During the session, most of the sectors went down including S&P/ASX 200 Energy (Sector), which declined by 242.7 points and stood at 9,314.4 and S&P/ASX 200 Health Care (Sector) tumbled by 2.34% and settled at 43,540.5. At the end of same trading session, All Ordinaries stood at 6398.5 with a drop of 1.8%.
Despite the fall in overall equity market, some companies performed well during the session including Northern Star Resources Ltd (ASX: NST), which closed at $14.090, up by 6.823% and Regis Resources Limited (ASX: RRL), which witnessed a rise of 6.596% and stood at $4.040 per share.
As per the release by Australian Bureau of Statistics, the Australian economy witnessed a growth of 0.5% in seasonally adjusted chain volume terms during the quarter ended December 2019 and a rise of 2.2% through the year. It was also mentioned that the rate of growth was below the long run average.
Let us look at the performance of some stocks on NZX Main Board. New Talisman Gold Mines Limited (NZX: NTL) rose by 16.67% and closed at NZ$0.007. On the other hand, Blackwell Global Holdings Limited (NZX: BGI) declined by 14.29% and settled at NZ$0.006.
We have written an article on two heath care companies i.e., AVITA Medical Limited (ASX:AVH) and CLINUVEL PHARMACEUTICALS LTD (ASX:CUV). Please click here and look at the information.
Northern Star Resources Ltd Rose By 6.823% on ASX
Northern Star Resources Ltd (ASX:NST) has recently notified the market with performance of 1H FY20, wherein, it reported net profit of $126.8 million, reflecting a rise of 54% against pcp. The company witnessed a rise of 76% in cash flow from operating activities to $297.5 million on pcp. These results have been supported by the gold sales of 398,640 ounces. During 1H FY20, the Australian operations of the company delivered decent performance, which is reflected by the rise of 47% in EBITDA to $352 million. Northern Star Resources Ltd has declared a fully franked interim dividend of 7.5 cps, reflecting a rise of 25% on pcp. Since the first acquisition in 2010, the company has generated $9.8 billion of value for shareholders with the help of balancing organic growth strategy along with the well-executed mergers & acquisitions.
Regis Resources Limited settled in green on 4th March 2020
Regis Resources Limited (ASX:RRL) recently announced that The Vanguard Group, Inc. and its controlled entities have become a substantial holder in Regis on 28th February 2020 with the voting power of 5.002%. For the half-year ended 2020, RRL delivered a record net profit of $93 million with a rise of 17% along with net profit margin of over 25%. The company also reported EBITDA of $186 million, reflecting an increase of 27%. RRL has declared an interim dividend amounting to 8 cents per share.
