Market Update:S&P/ASX200 Closed in Green; JHX Rose by 6.83%

August 11, 2020 11:00 PM AEST | By Team Kalkine Media

Google News:

Market Update:S&P/ASX200 Closed in Green; JHX Rose by 6.83%

Recent News

World Digital Introduces Innovative E‑Commerce Strategies Amid Global...

Alex Miller Keeps Classic Country Flame Burning With Alan Jackson Song...

Trump earns over $600 million from crypto, holds assets worth at least...

Oil in biggest gain since 2022 as Israel hits Iran, but Citi warns gai...

At the close of trading session on 11^th August 2020, equity market of Australia ended in green. The S&P/ASX200 rose by 28.5 points to 6138.7. Most of the sectors on ASX settled in green including S&P/ASX 200 Consumer Staples (Sector), which moved up by 29.8 points to 13,325.4. S&P/ASX 200 Health Care (Sector) stood at 41,676.6, reflecting an increase of 95.8 points. At the end of same session, All Ordinaries closed at 6272.1 with a rise of 25 points.

On ASX, the share price of James Hardie Industries plc (ASX: JHX) closed at $32.220 per share. The stock of CIMIC Group Limited (ASX: CIM) soared by 5.022% to S23.840 per share.

Stock Performance (Source: ASX)

S&P/NZX50 settled at 11,645, reflecting a fall of 0.33%. The share price of New Talisman Gold Mines Limited (ASX:NTL) rose by 16.67% to NZ$0.007 per share. The stock of Augusta Capital Limited (NZX: AUG) settled the day at NZ$1.100 per share with an increase of 13.40%. However, the share price of General Capital Limited (NZX: GEN) moved down by 3% to NZ$0.097 per share.

Recently, we have written some important information on GTI Resources Limited (ASX:GTR), and the readers can view the content by clicking here.

James Hardie Industries plc Released Q1 FY21 Results

James Hardie Industries plc (ASX:JHX) recently released its results for Q1 FY21, wherein, it reported a fall of 5% in net sales to US$626.3 million due to impact of the COVID-19 pandemic which resulted in lower net sales in the Asia Pacific and Europe segments. The company reported gross profit amounting to US$219.5 million, reflecting a decline of 6%, primarily because of lower gross profit in the Europe and the Asia Pacific segments.

JHX reported adjusted net operating profit of US$89.3 million, which stood in-line with the prior corresponding period. The company experienced a rise of 35% in operating cash flow to US$189.2 million. During the quarter, Asia Pacific segment managed to deliver strong financial returns with an adjusted EBIT margin of 24.4%.

CIMIC Group Limited Ended in Green on the Australian Securities Exchange.

CIMIC Group Limited (ASX:CIM) recently notified the market that CPB Contractors has secured two contracts for resources and water projects in Western Australia and Queensland. The contracts, in total, provide ~$128 million in revenue.

In another update, it was mentioned that UGL, a CIMIC Group company, managed to secure numerous construction as well as maintenance contracts in mining sector with the combined value of over $200 Mn.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.