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.
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.
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.