Market Update: Understanding the Performance of S&P/ASX200

On July 10, 2020, S&P/ASX200 ended the session in red as the index fell by 0.61% to 5919.2. On the same day, All Ordinaries encountered a decline of 0.64% to 6036.3.

S&P/ASX 200 Energy (Sector) closed the session in red as there was a fall of 1.98% and S&P/ASX 200 Financials (Sector) fell by 0.72%. We will now have a look at the performance of individual stocks.

On ASX, the share price of Netwealth Group Limited (ASX: NWL) witnessed a rise of 5.627% on an intraday basis to A$10.700 per share. On the same day, the stock of IPH Limited (ASX: IPH) rose by 2.649% to A$7.750 per share.

Stock Performance (Source: ASX)

On July 10, 2020, S&P/NZX50 encountered a fall of 0.40% to 11,395 while S&P/NZX10 witnessed a decline of 0.32%. The share price of New Talisman Gold Mines Limited (NZX: NTL) rose by 16.67% to NZ$0.007 per share. On the same day, the stock of Green Cross Health Limited (NZX: GXH) increased 4.90% to NZ$1.070 per share.

Recently, we have written important information on Aspire Mining Limited (ASX: AKM) and the readers and click here to read the content.

SLR Ended the Session in Green

Silver Lake Resources Limited (ASX: SLR) came forward and made an announcement that investment in exploration at Deflector continues to deliver Mineral Resource as well as Ore Reserve growth. Deflector Mineral Resource and Ore Reserve growth supports the company’s financial return from investment in near mine exploration, mine infrastructure as well as processing infrastructure.

On July 10, 2020, the stock price of SLR witnessed a rise of 2.655% on an intraday basis to A$2.320 per share.

MP1 Rose by 2.233% on July 10

On June 17, 2020, Megaport Limited (ASX: MP1) made an announcement about the sell down of ~7.7 Mn shares in the company held by Digital MP, LLC, which is a subsidiary of Digital Realty. The company stated that sale of shares was completed at the price of $13.36 per share as well as distributed to broad range of institutional investors. After the sell down, Digital Realty would continue to hold ~2.0 Mn shares in Megaport, maintaining the stake equivalent to the size of Digital Realty’s original investment as well as ~1.3% of Megaport’s issued capital.

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