On July 13, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 0.35% to 11,435 and S&P/NZX20 rose by 0.45% to 7,611. On the same day, S&P/NZX10 encountered an increase of 0.36% to 12,081.
S&P/NZX All Communications Services rose by 2.28% while S&P/NZX All Consumer Discretionary fell by 1.44%.
On July 13, 2020, the share price of Blackwell Global Holdings Limited (NZX: BGI) increased by 8.33% on an intraday basis to NZ$0.026 per share. The stock of Comvita Limited (NZX: CVT) rose by 5.47% to NZ$2.890 per share.
The following image provides a broad overview as to how the share price of CVT has trended in the span of 90 days:
Stock Performance (Source: NZX)
TRU’s Stock Ended the Session in Green
TruScreen Limited (NZX: TRU) came forward and released a newsletter in which it was stated that China remains the company’s focus market. In April 2020, the company made an announcement about $2 Mn Share Purchase Plan, that closed in May oversubscribed, garnering a total of $3,743,000. In response to the large number of inquiries received from the shareholders as well as third-party investors, the Board resolved to undertake New Same Class Offer in order to raise a further $1.5 Mn, giving existing NZ shareholders as well as wider investor community the opportunity to further support the company.
On July 13, 2020, the share price of TRU rose by 4.92% on an intraday basis to NZ$0.064 per share.
An Overview of RBD’s Total Sales for First Quarter
On April 21, 2020, Restaurant Brands New Zealand Limited (NZX: RBD) came forward and made an announcement that total sales for first quarter (i.e. 3 months to 31 March 2020) amounted to $200.1 Mn, an increase of $10.0 Mn or 5.3% on the equivalent period last year.
On July 13, 2020, the stock price of RBD fell by 6.30% on an intraday basis to NZ$11.310 per share.