Market Update: Understanding the Performance of Markets on 22nd June 2020

  • Jun 22, 2020 AEST
  • Team Kalkine
Market Update: Understanding the Performance of Markets on 22nd June 2020

On 22nd June 2020, equity market of Australia closed in green, and S&P/ASX200 stood at 5944.5 with a rise of 1.9 points. Most of the sectors on ASX closed in green such as S&P/ASX 200 Health Care (Sector), which moved up by 119.3 points to 42,071.7. S&P/ASX 200 Materials (Sector) settled at 13,233.7, indicating a rise of 221.8 points. All Ordinaries ended the session at 6058, indicating a fall of 3.6 points.

The stock price of Saracen Mineral Holdings Limited (ASX: SAR) stood at $5.120 with an increase of 8.475%.

The following image provides a broad overview as to how the share price of SAR has trended in the span of three months:

Stock Performance (Source: ASX)

On June 22, 2020, S&P/NZX50 witnessed a decline of 0.86% to 11,158. The stock of Me Today Limited (NZX: MEE) experienced a rise of 11.11% to NZ$0.140 per share. The share price of SmartPay Holdings Limited (NZX: SPY) soared by 6.67% to NZ$ 0.640 per share. On the other hand, the stock of New Talisman Gold Mines Limited (NZX: NTL) tumbled by 12.50% to NZ$0.007 per share.

Recently, we have written some crucial information on Noxopharm Limited (ASX:NOX), and the readers can view the article by clicking here.

Austal Limited Ended in Green on 22nd June 2020

Austal Limited (ASX: ASB) has recently announced that the US Department of Defense has declared US$50 million Defense Production Act Title III Agreement (DPA) in support of U.S. Navy Shipbuilding Industrial Base with Austal USA. The company added that the DPA Agreement will maintain, protect, and expand U.S. domestic production of steel shipbuilding capability and capacity via capital projects which will be executed in the upcoming 24 months. ASB would match the DPA agreement funding, which would take the total investment to around US$100 million. The stock of Austal Limited is up by 9.524% due to the announcement of DPA agreement.

James Hardie Industries plc Rose 7.266% on Australian Securities Exchange (ASX)

James Hardie Industries plc (ASX: JHX) has recently upgraded its guidance for Q1 FY21. North America adjusted EBIT margin is anticipated in the range of 27% - 29%. JHX expects liquidity of over US$640 million as at 30 June 2020. During Q4 FY20, the company reported net operating profit after tax amounting to US$86.6 million. During the quarter, Asia Pacific segment of the company managed to deliver good financial returns with revenue growth of 2% and adjusted EBIT growth of 4%. The company added that the full-year result was generated by its strong North America performance. In the release dated June 22, 2020, the company stated that, in North America, housing market activity has improved steadily during the past seven weeks despite coronavirus pandemic. The share price of JHX is up by 7.266% due to the release of upgraded guidance for Q1 FY21.


The website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article 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 the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). 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.

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