S&P/NZX50 ended the session in green as the index witnessed a rise of 0.25% to 10,758 on May 18, 2020, while S&P/NZX20 closed by rising 0.31% to 7,256. On the same day, S&P/NZX10 rose by 0.38% to 11,315.
S&P/NZX All Consumer Staples ended in green as there was an increase of 2.08% while S&P/NZX All Energy was down by 3.04% on May 18, 2020.
On the same day, AFT Pharmaceuticals Ltd (NZX: AFT) and Moa Group Limited (NZX: MOA) ended the session in green as these stocks witnessed a rise of 5.75% and 4.65%, respectively on an intraday basis. On the other hand, SeaDragon Limited (NZX: SEA) ended the session in red as the stock price fell by 10.59% on an intraday basis to NZ$0.076 per share.
AFT to announce Results on May 20, 2020
AFT Pharmaceuticals (NZX: AFT) has recently made an announcement that it plans to release its full year results for the year to March 31, 2020 on May 20, 2020. The company also mentioned that it has concluded agreement with BNZ to refinance current 6-year CRG loan facility maturing on March 31, 2020.
AFT also noted that the revenue for the year ended March 31, 2020 is expected to rise to over $100 Mn from $85.1 Mn in the same period of the previous year.
PEB Releases Investor Update
Pacific Edge Limited (NZX: PEB) has recently released an investor update in which it stated that the company has been working as an essential business. It is also playing a crucial role in helping the medical practitioners by providing timely evaluation as well as diagnosis of bladder cancer.
The company added that Cxbladder is being commercially utilised by 11 of 20 District Health Boards (or DHBs) in NZ, covering around 62% of the country’s population.
QEX Garners $1.7 Mn
QEX Logistics Limited (NZX: QEX) has recently announced that the company’s recently closed SPP managed to garner a total of $1,525,054. Additionally, it has raised a further $175,000 via placement to the small number of wholesale investors, which brought the total amount garnered to $1,700,054.