On July 6, 2020, S&P/NZX50 ended the session in green as index witnessed a rise of 0.77% to 11,656 while S&P/NZX20 rose by 0.67% to 7,775. On the same day, S&P/NZX10 encountered an increase of 0.86% to 12,368.
On July 6, 2020, S&P/NZX All Materials rose by 2.23% while S&P/NZX All Energy ended in red as there was a decline of 2%. We will now have a look at the performance of individual stocks.
The share price of TRS Investments Ltd (NZX: TRS) witnessed a significant rise of 50% on an intraday basis to NZ$0.003 per share. The stock of Allied Farmers Limited (NZX: ALF) rose by 10.17% to NZ$0.650 per share.
The following image provides a broad overview as to how the share price of ALF has trended in the span of past one year:
Stock Performance (Source: NZX)
Share Price of MET Ended in Green on July 6, 2020
Metlifecare Limited (NZX: MET) has notified the market that recently it received on a without prejudice basis a non-binding indicative offer. This was from APVG to acquire all shares of Metlifecare for the per share consideration of NZ$6.00 under the Scheme of Arrangement. The company has decided to defer special meeting of the shareholders which was scheduled for July 10, 2020.
On July 6, 2020, the share price of Metlifecare ended at NZ$5.760 per share, implying an increase of 10.34% on an intraday basis.
Recent Update on ALF
Allied Farmers Limited (NZX: ALF) has recently made an announcement about numerous new initiatives as well as developments. Notably, the initiatives would also be allowing the company to achieve the vision of becoming leading solution provider to the rural sector of NZ.
In order to support initiatives, as well as to enable to achieve its goals, the company has been exploring numerous options of capital raising.