On 6th July 2020, the equity market of Australia ended in red, and the benchmark index S&P/ASX200 went down by 43.3 points to 6014.6. The index has gained 3.43% during the last five days. S&P/ASX 200 Materials (Sector) experienced a fall of 162.1 points to 13,339.2. S&P/ASX 200 Utilities (Sector) moved down by 0.12% to 7,787.8. All Ordinaries stood at 6125.9 with a fall of 37.8 points at the end of the same session.
On ASX, the share price of Mesoblast Limited (ASX: MSB) rose by 11.276% to $3.750 per share. The stock of oOh!Media Limited (ASX: OML) inched up by 9.29% and settled the day at $1.000 per share.
Stock Performance (Source: ASX)
S&P/NZX50 ended the trading session at 11,656, reflecting a rise of 0.77%. The share price of TRS Investments Ltd (NZX: TRS) soared by 50.00% to NZ$0.003 per share. New Talisman Gold Mines Limited’s (NZX: NTL) stock moved up by 16.67% to NZ$0.007 per share. On the other hand, the stock of TIL Logistics Group Ltd (NZX: TLL) plunged by 9.09% to NZ$0.700 per share.
Recently, we have covered some crucial information on Krakatoa Resources Limited (ASX: KTA), and the readers can click here to view the article.
Mesoblast Limited’s Stock Rose by 11.276% Due to Initiation of An Expanded Access Protocol in the US.
Mesoblast Limited (ASX: MSB) recently announced the initiation of an expanded access protocol (EAP) in the United States for compassionate use of its allogeneic mesenchymal stem cell (MSC) product candidate remestemcel-L in the treatment of COVID-19 infected children with cardiovascular and other complications of the multisystem inflammatory syndrome. For the nine months ended 31st March 2020, the company reported a substantial rise of 113% in revenue to US$31.5 million as compared to US$14.8 million for nine-months ended March 2019.
The manufacturing expenses of the company increased by US$2.5 million to US$15.4 million due to increased expenditure on pre-launch inventory for the potential launch of RYONCIL. The company closed the period with the net cash balance of US$60.1 million.
oOh!Media Limited Ended in Green on 6th July 2020.
oOh!Media Limited (ASX: OML) recently stated that Philippa Kelly has made a change to holdings in the company on 25th June 2020 by acquiring 20,000 fully paid ordinary shares for the consideration of $19,800.00. In response to COVID-19, the company has decreased discretionary spend, negotiated fixed rent expense savings with property partners and slashed its planned capital expenditure to manage its cashflow in the uncertain environment.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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