Which are the hot shares trending on NZX? Which companies are in the NZX 50?

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Summary

  • The NZX is the stock exchange for New Zealand.
  • It provides investors with a number of tools and products.
  • It has stocks from large-, mid- and small-cap space.

New Zealand has a well-developed stock market called the New Zealand Stock Exchange (NZX). This market provides a platform for investors to buy and sell shares of the listed funds and trade in other instruments as well.  

The stock exchange was established in the 1870s and has since evolved to become a company that is owned by the shareholders.

Products provided on the NZX

There are several investment products and tools such as Exchange Traded Funds, Investment and insurance products, wealth management and dairy research products available on the  NZX. It also keeps updating its shareholders with the news and announcements about various companies and stock movements. The information is announced first on the NZX by companies which in turn influences the stock movement. The NZX has more than 185 securities listed with a market value of NZ$184.87B.

Some hot stocks listed on the NZX

Fletcher Building Limited [NZX: FBU ASX: FBU] 

Fletcher is one of the biggest companies with a market cap of NZ$4B. It operates across geographies. FBU’s ongoing NZ$300M share buyback programme has been met with positive response from the investors. However, the management emphasised that it reserved the right to end or suspend the buyback program anytime it deemed necessary after taking into account market conditions, investment opportunities and its own share price. However, the programme is progressing well and is spread out over one full year. The buyback programme is expected to give some momentum to its share price during the year.

The stock was trading flat at NZ$7.530 on 5 July 2021 at the time of writing.

Also Read: What are the 5 most interesting NZX Stock Stories?  FBU, SEK, BLT, MHJ, ZEL

Genesis Energy Limited (NZX:GNE ASX: GNE)

GNE which is an energy company has the potential to do well in the year. It is a green energy company and generates power through hydro, wind, and thermal sources, and it operates through four main segments—energy management, customer experience, oil and gas, and corporate. It supplies energy to more than 500,000 New Zealanders. Its share price has moved up by almost 15%. GNE has shown a steady growth over the years.

The stock was trading up by 0.71 at NZ$3.545at the time of writing on 5 July 2021.

Also Read: 3 NZX stocks with dividend yield over 5%

Infratil Limited (NZX: IFT ASX: IFT) is a New Zealand-based infrastructure company, which also operates in Australia and the United States.

Of late, it has announced its ambitious future plans, in which it has decided to focus on its growth plans. It has decided to focus on buying solar projects in Southern Europe, as well as wind farms in Ireland. Besides, it has a rich history to its shareholders.

IFT is an attractive company for dividend seeking shareholders.

The stock was trading 0.84% up at NZ$7.795, on 5 July 2021, at the time of writing.
Also Read: 5 Interesting NZX stocks garnering investors’ attention - HMY, PPH, GTK, CGF, IFT

Sky Network Television Limited (NZX: SKT ASX:SKT)

The media company of late has made several announcements, which shows that it is working hard to expand its market share and retain its customers. Of late, SKT unveiled its new sports channels. It has signed several deals with big sports channels like ESPN, NBCUniversal, and most recently confirmed partnerships with the NRL and New Zealand Rugby League (NZRL) through to the end of 2027.

The stock was trading down by 0.58% at NZ$0.170 on 5 July 2021 at the time of writing.

Also Read: What is a Penny stock? Can it prove to be a good bet for investors?

A2 Milk Company (NZX:ATM ASX: A2M) is a milk product company. Main offering from the company is in the form of naturally produced a2 Milk®. Today, it also announced that it would strengthen its presence in China by acquiring 75% stake in Matura Valley Milk as it had got a green signal from a regulatory body. The company has infant formula as a part of its products.

The stock was trading 4.56% up at NZ $7.330 at the time of writing on 5 July 2021.

Pushpay Holdings’ (NZX: PPH  ASX: PPH) 

PPH earnings over the next few years are expected to increase more than 60%, according to estimates. This will lead to a very strong cash flow situation.

The very optimistic numbers are not reflected in the share price of the Company, analysts feel.  Investors might like to invest in this stock because of its growth possibilities.

The stock was trading down by 2.29% at NZ$1.710 on 5 July 2021, at the time of writing.

The NZX 50

The NZX 50 is an index of the NZX that tracks the shares of the 50 largest companies in New Zealand. The 50 companies are a group of companies from various sectors and be used as a benchmark index. The NZX 50 index was reintroduced in 2000 and replaced the older index, which had 40 companies.

Companies that make up the NZX 50?

The NZX 50 is comprised the 50 largest companies of New Zealand - so it is important to know which companies are represented on the index so that we can track it.

The top companies on the NZX 50

  1. Fisher & Paykel Healthcare Limited
  2. The A2 Milk Company Limited
  3. Spark New Zealand Limited
  4. Meridian Energy Limited
  5. Contact Energy Limited
  6. Chorus Limited
  7. Mainfreight Limited
  8. Fletcher Building Limited
  9. Ryman Healthcare Limited
  10. Genesis Energy Limited

The top companies form the 52% of the index though the other 40 are also big and well-known companies.


 

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