ITL Limited (ITD) Decline -2.5% on Sep 14

September 14, 2017 - By Migdalia James

Shares of ITL Limited (ASX:ITD) last traded at 0.39, representing a move of -2.5%, or -0.01 per share, on volume of 15,641 shares. After opening the trading day at 0.39, shares of ITL Limited traded in a close range. ITL Limited currently has a total float of 95.93 million shares and on average sees 57,305 shares exchange hands each day. The stock now has a 52-week low of 0.18 and high of 0.66.

Why More Investors Are Looking Into S&P/ASX 200 Stocks

Australia takes pride with good corporate governance, which is why it is one of Asia’s fastest growing economies today. A nation’s good corporate governance improves its growth potentials as it lures domestic and foreign investors alike to bank on its equity market. CG Watch, which publishes ranks top Asian markets in terms of corporate governance biannually, has included Australia in its recent list.

The Australian Equity Market

ITL Limited is traded on the The Australian Securities Exchange (ASX) one of the biggest stock exchanges in Asia. And ITL Limited also included in its list. As of May 2014, over 2,000 companies are listed on the ASX, boasting with a total market capitalization of almost A$2 trillion.

One of the benchmark indices in Australia is the S&P/ASX 200, which tracks as much as 200 most actively traded stocks on the ASX.

The S&P/ASX 200

The S&P/ASX 200 carries on from All Ordinaries, which was formed in January 1980 to serve as the main Australian benchmark index, when it was established in April 2000. It had started at 3,133.30 points.

Continuing from the history of All Ordinaries, the S&P/ASX 200 had hit its all-time low of 1,358.50 points in November 1992. Eventually, it was able to recover, hitting its all-time high of 6,828.70 points during the same month in 2007. In February of that year, the S&P/ASX 200 had first reached the 6,000 mark. Investors had flocked the ASX that time, seeking for safe-haven assets in preparation for the Global Financial Crisis of 2008 amid early signs pointing out to its onslaught. Australia have always boasted with a compelling borrowing environment, which is why investors have always relied to its economy for valuable investment growth.

The S&P/ASX 200 is rebalanced quarterly by a panel of five members, the Index Committee. The review happens on the 16th of every quarter-end month— March, June, September, and December. Up to 200 companies make up the S&P/ASX, depending on their liquidity, market capitalization, and other factors. ITL Limited liquidity gives it an ability to perform the obligations with ease.

The S&P/ASX 200 is a free-float market-capitalization-weighted index, which means that stocks are evaluated based on their respective market capitalizations with respect to their share prices. Given this, stocks held by venture capitalists and the government are excluded since they are not often traded on the ASX.

When the components of the S&P/ASX 200 were last reviewed on September 16, six stocks had been removed while six new stocks had been included. Roughly 40% of the index is composed of the financial sector.

The S&P/ASX 200 represents about 80% of the total market valuation on the ASX, which is why it is an important indicator of the Australian economy. Similarly, it has a huge impact on the entire Asian economy.

Investors can surely benefit from the low interest rates and a healthy equity market in Australia. ITL Limited has relatively good liquidity. That being said, investing in ASX stocks is highly recommended for those who are seeking higher near-term and long-term returns alike. Investors prefer the companies like ITL Limited where they can easily see its liquidity ratio.

More recent ITL Limited (ASX:ITD) news were published by: Prnewswire.com which released: “ITL Limited Rebrands to ITL Health Group to Unify Divisions under a Global Brand” on February 28, 2017. Also Prnewswire.com published the news titled: “ITL Profit Doubles In Half Year 2016/2017 Results” on February 23, 2017. Economictimes.Indiatimes.com‘s news article titled: “Japanese tractor maker Yanmar seeks to up stake in ITL to 20%” with publication date: June 15, 2016 was also an interesting one.

ITL Limited is engaged in manufacturing and supplying of products into the Australian and global healthcare markets. The company has market cap of $37.77 million. The Company’s principal activities are development, manufacture, distribution and sale of medical devices, and manufacture, distribution and sale of medical procedure packs. It has a 11.09 P/E ratio. The Company’s divisions include ITL BioMedical , Healthcare Australia (HCA), MyHealthTest Pty Ltd (MHT), and Corporate and other.

By

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

>
Twitter Auto Publish Powered By : XYZScripts.com