Understanding the Performance of Markets on 15th July 2020

  • Jul 15, 2020 AEST
  • Team Kalkine
Understanding the Performance of Markets on 15th July 2020

At the close of the trading session on 15th July 2020, equity market of Australia ended in green. The benchmark index S&P/ASX200 witnessed a sharp rise of 111.8 points or 1.88% to 6052.9. Most of the sectors on ASX closed in green such as S&P/ASX 200 Consumer Staples (Sector), which moved up by 133.3 points to 13,116.8. S&P/ASX 200 Energy (Sector) settled at 7,440.4 with a rise of 67.9 points.

On ASX, the stock of CLINUVEL Pharmaceuticals Limited (ASX: CUV) went up by 6.803% to $23.550 per share. The share price of NRW Holdings Limited (ASX: NWH) stood at $1.700 per share, reflecting a rise of 6.25%.

Stock Performance (Source: ASX)

S&P/NZX50 stood at 11,611, indicating an increase of 1.01%. The share price of TRS Investments Ltd (NZX: TRS) rose by 50.00% to NZ$0.003 per share. Blackwell Global Holdings Limited’s stock (NZX: BGI) inched up by 21.88% and closed the trading session at NZ$0.039 per share. On the other hand, the stock of NZME Limited (NZX: NZM) plunged by 5.77% to NZ$0.245 per share.

Recently, we have written some crucial information on Empire Resources Limited (ASX: ERL), and the readers can view the information by clicking here.

CLINUVEL PHARMACEUTICALS LIMITED Rose by 6.803% on the Australian Securities Exchange.

CLINUVEL PHARMACEUTICALS LIMITED (ASX: CUV) recently revealed its second afamelanotide product in development, PRÉNUMBRA®. The company added that PRÉNUMBRA® is a liquid formulation of afamelanotide to be evaluated by CUV in clinical trials as a treatment for acute and systemic diseases. The second-generation product targets to provide prescribing physicians with dosing flexibility of the hormone analogue afamelanotide.

The company operates a profitable, cash flow positive pharmaceutical business with a clear objective to develop and deliver new products. CUV is planning to evolve into a diversified and integrated pharmaceutical business providing treatments to multiple patient groups. Moreover, the company’s financial performance has progressed through the Research & Development Phase into the Commercial Phase over time.

NRW Holdings Limited Ended in Green on 15th July 2020

NRW Holdings Limited (ASX: NWH) recently notified the market that Mitsubishi UFJ Financial Group, Inc. has ceased to become a substantial holder in the company on 24th June 2020. For the 10 months ended April 2020 (unaudited), the company reported record revenue amounting to $1.6 billion and EBITDA for the period stood at $177 million.

NWH added that the integration of BGC Contracting is progressing well, and all project teams are currently reporting through the NRW business structure. Considering the strong performance of the business, the company has paid an interim dividend of 2.5 cents per share on 9th June 2020. The company is on track to meet the revenue guidance of $2 billion for FY20.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

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.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK