Market Update: Understanding the Performance of Markets on 4th June 2020

  • Jun 04, 2020 AEST
  • Team Kalkine
Market Update: Understanding the Performance of Markets on 4th June 2020

At the close of trading session on 4th June 2020, the equity market of Australia ended in green. S&P/ASX200 moved up by 50.2 points to 5991.8. The index has gained 2.40% over the last five days. S&P/ASX 200 Health Care (Sector) ended at 42,616.3 with a rise of 1125.8 points. S&P/ASX 200 Utilities (Sector) closed the trading session at 7,856.5 with an increase of 0.86%. All Ordinaries settled at 6112, reflecting an increase of 47.1 points.

On ASX, the stock of Unibail-Rodamco-Westfield (ASX: URW) gained 12.041% and ended at $5.490 per share. The stock price of Corporate Travel Management Limited (ASX: CTD) went up by 8.802% to $13.350 per share.

S&P/NZX50 settled the day at 11,223 with a rise of 0.94%. The share price of Chatham Rock Phosphate Limited (NZX: CRP) soared by 15.00% to NZ$0.230 per share while the stock of Enprise Group Limited (NZX: ENS) increased by 9.68% and ended at NZ$0.680. On the other hand, the stock of QEX Logistics Limited (NZX: QEX) plunged by 10.29% to NZ$0.610.

Recently, we have written some crucial information on Prescient Therapeutics Limited (ASX:PTX), and the readers can view the content by clicking here.

Corporate Travel Management Limited Rose 8.802% on the Australian Securities Exchange.

Corporate Travel Management Limited (ASX: CTD) recently announced that Invesco Australia Limited has made a change to its substantial holding in the company on 29th May 2020 with the current voting power of 7.54% as compared to the previous voting power of 8.75%. In a recent update to the market, the company stated that it has witnessed a major impact on its business following the restrictions imposed by the government on international travel and a major reductions in the domestic capacity. However, the company is in a net cash position which reflects that its operating cash is surpassing its drawn debt. Considering the extraordinary circumstances and uncertainty, the company has deferred its interim dividend until 2nd October 2020.

McMillan Shakespeare Limited Ended in Green on 4th June 2020.

McMillan Shakespeare Limited (ASX: MMS) recently announced that it appointed Kathy Parsons on the role of independent Non-Executive Director, which became effective on 22nd May 2020. The company also provided an update in relation to COVID-19 pandemic, wherein, it was mentioned that the company is actively managing the impact of coronavirus containment measures with the health and safety of its employees.

The company added that new asset financing in Australian and New Zealand asset management business has experienced a decline. The company is focused on extending maturing lease contracts and working with customers who have been severely impacted by the COVID-19 pandemic to restructure their lease arrangements. The Board and management of the company are focused on the sustainability and financial health for the longer term.

 


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