On 15th September 2020, equity market of Australia settled in red as benchmark index S&P/ASX200 witnessed a fall of 4.7 points. At the close of same session, All Ordinaries moved up by 0.01% to 6079.3. The healthcare sector and industrials sector went up by 1.05% and 0.43%, respectively. However, the telecommunications services sector plunged by 1.73%.
Sector Summary (Source: Refinitiv (Thomson Reuters))
On March 31, 2020, ASX introduced temporary emergency measures for capital raising. This was done in order to help listed entities impacted by the pandemic to garner capital. Notably, the measures also included protections for the retail investors. ASX has even extended temporary emergency capital raising measures till November 30, 2020. There are expectations that since there has been some sort of stabilisation in the market, there could be some revision.
Gainers and Losers: Silver Lake Resources Limited (ASX: SLR) (up 8.23%), Northern Star Resources Ltd (ASX: NST) (up 7.42%) and Perseus Mining Limited (ASX: PRU) (up 6.19%). On the flip side, SkyCity Entertainment Group Limited (ASX: SKC) and Cleanaway Waste Management Limited (ASX: CWY) moved down by 5.02% and 4.27%, respectively.
Top Movers (Source: Refinitiv (Thomson Reuters)
Movement in the US Markets:
On September 14, 2020, Dow Jones Industrial Average increased 1.18% to 27,993.33. On the same day, NASDAQ Composite rose by 1.87% to 11,056.65.
Want to get exclusive insights into the star stock of the year? Gold stocks stood solid and ensured a safety net for investors.
Click now to access our report on Gold Stocks to understand how the rise in gold prices propelled the ASX-listed gold stocks, and many emerged as the star performer of the year.
Inside this report, you shall discover
How the price trends of gold have got it where it is With the rallying gold prices and the record-buying from Central Banks, the gold spot rose from $1,655.14 (low in December 2018) to $2,322.26 (high in August 2019). A promising return of over 40 percent was seen in the year 2019. Get exclusive insights into how the trends set the foundation for the performance and how Gold stocks seem to be a safe bet when you look back.
Which stocks you should have been looking at: Find out which stocks delivered promising returns to investors. Gold stocks such as Gold Road Resources Limited (ASX: GOR), Kirkland Lake Limited (ASX: KLA) Newcrest Mining Limited (ASX: NCM) delivered better returns against the S&P Commodity Producers Gold Total Return Index.