How S&P/NZX50 Performed?

  • Jul 13, 2020 NZST
  • Team Kalkine
How S&P/NZX50 Performed?

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.

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
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