The equity market of Australia closed in green on 27th April 2020 and the benchmark index went up by 78.8 points or 1.50% to 5321.4. The index has lost 0.59% and 16.67% over the last five days and 52 weeks, respectively. S&P/ASX200 A-REIT (Sector) closed at 1,116.3, reflecting a rise of 3.12%. S&P/ASX 200 Industrials (Sector) inched up by 185.4 points to 5,316.5. At the end of same session, All Ordinaries witnessed an increase of 87.6 points to 5388.3.
Some companies on ASX has performed exceptionally well and ended in green. Domain Holdings Australia Limited (ASX: DHG) settled at $2.550, up by 18.605% and AP Eagers Limited (ASX: APE) rose by 12.181% to $3.960 per share.
Recently, we have written some important information on Musgrave Minerals Limited (ASX: MGV), which can be read by clicking here.
Domain Holdings Australia Limited Rose 18.605% on Australian Stock Exchange
Domain Holdings Australia Limited (ASX: DHG) has recently announced that it has cemented its liquidity position by entering an agreement with its banking group for a new debt facility amounting to $80 million, for a term of 18 months. This facility is in addition to $225 million facilities of three and four years of term, which were announced on 8th November 2019. The banking group has also agreed to a waiver of DHG’s financial covenants as at June and December 2020. As at 31st March 2020, the net debt of the company stood at $149.5 million against $147.9 million at December 2019. During March 2020 quarter, the company witnessed a rise of 3% in digital revenue and total revenue went up by 1%. The company also witnessed a recovery of new listings in key markets in the month of March 2020.
AP Eagers Limited Ended in Green on 27th April 2020
AP Eagers Limited (ASX: APE) recently updated the market that Perpetual Limited and its related bodies corporate have become an initial substantial holder in the company with the current voting power of 5.09%. In another update, the company announced that it has decided to decrease the FY19 final dividend amount to 11.25 cents per share from 22.5 cents per share because of the continuing uncertainty of the duration and impact of the COVID-19 pandemic. The company also stated that the directors and senior executives have agreed on changes to remuneration arrangement considering current market disruptions. Non-executive directors of the company have determined to sacrifice their full board fees and Managing Director has agreed to 46% reduction in his remuneration package by foregoing all short-term and long-term incentives and reducing his base salary.