Tokyo Stocks Ended Higher Amid Tough Contested US Presidential Election 2020

On 04 November 2020, Tokyo stocks ended the session higher because of the tough US presidential election contested between Donald Trump and Joe Biden. The 225-issue Nikkei Stock Average ended the session 1.72% above its previous close and settled at 23,695.23. The broader Topix index of all First Section issues on the Tokyo Stock Exchange ended 1.20% above its last close at 1,627.25. The top gaining sectors were mining, pharmaceutical, and service issues.

Trustpower Reports Resilient Results in First Half For the half-year ended 30 September 2020, Trustpower Limited (NZX: TPW) reported EBITDAF of $110.4 million, up by 3% Y-o-Y. Underlying earnings after tax stood at $52.7 million, up by 7% Y-o-Y. The company’s total shareholder return for the six months was 16.3% and it declared an interim dividend of 17 cps, fully imputed, which is payable on 4 December 2020.

* Sanford Updates On Its Full Year Results For 2020 Sanford Limited (NZX: SAN) announced certain unaudited metrics from its full-year results for the year ended 30 September 2020. The Group’s NPAT and total revenue decreased by 46% and 14% on PCP to $22.4 million and $468.8 million, respectively. The Group’s earnings reflected the impact of coronavirus on SAN’s sales channels, particularly food service. However, profitability was further affected in Q4 due to poor wild-catch performance in September and a lower fair value of salmon stock in water.

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