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

  • Aug 11, 2020 AEST
  • Team Kalkine
Market Update:S&P/ASX200 Closed in Green; JHX Rose by 6.83%

At the close of trading session on 11th 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.

 


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