On July 2, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 1.34% to 11,503 while S&P/NZX20 rose by 1.20% to 7,667. Also, on the same day, S&P/NZX10 ended at 12,170, reflecting a rise of 1.32%.
On July 2, 2020, S&P/NZX All Information Technology witnessed a rise of 5.24% and S&P/NZX All Materials witnessed a fall of 1.70%.
The share price of New Talisman Gold Mines Limited (NZX: NTL) rose by 16.67% to NZ$0.007 per share. The stock price of Kathmandu Holdings Limited (NZX: KMD) increased 11.40% to NZ$1.270 per share.
The following image provides a broad idea as to how the share price of KMD has trended in the span of past one year:
Stock Performance (Source: NZX)
KMD Releases Market Update- A Quick Look
Kathmandu Holdings Limited (NZX: KMD) came forward and released market update. As was announced earlier, coronavirus social distancing as well as lockdown restrictions globally impacted group sales this financial year.
Total sales for 10 months ended May 31, 2020 were 15.1% below the comparable period of the last financial year. However, since stores began reopening, retail store as well as online sales have generally surpassed the expectations of management, further strengthening the liquidity of the company.
In the month of April, KMD wrapped up NZ$207 Mn equity raising to strengthen the balance sheet as well as liquidity position in response to coronavirus pandemic. Based on the current assessment of operating environment as well as outlook, available liquidity in excess of $300 Mn has been anticipated at the end of the financial year.
TRU Ended the Session in Green
On June 26, 2020, TruScreen Limited (NZX: TRU) came out with the audited financial results for the year to March 31, 2020. As per the release, China continued to be the company’s primary market of focus with a screening population of approximately 400 Mn women and share of Truscreen total sales at 60% (as compared to 2019 figure of 55%). The company stated that the sales were adversely impacted in final quarter with device roll out suspended as a result of coronavirus restrictions.