How S&P/NZX50 Performed?

  • Jul 14, 2020 NZST
  • Team Kalkine
How S&P/NZX50 Performed?

On July 14, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 0.52% to 11,494 and S&P/NZX20 rose by 0.67% to 7,662. On the same day, S&P/NZX10 encountered an increase of 0.53% to 12,145.

S&P/NZX All Communications Services witnessed a rise of 2.59% and S&P/NZX All Materials ended the session in red as there was a fall of 2.44%. We will now have a look at the performance of individual stocks.

On July 14, 2020, the stock price of Geneva Finance Limited (NZX: GFL) rose by 5.41% to NZ$0.390 per share. On the same day, the share of Sanford Limited (NZX: SAN) increased by 4.43% to NZ$6.600 per share.

The following image provides a broad overview as to how the share price of SAN has trended in the span of past 90 days:

Stock Performance (Source: NZX)

A Recent Update on PYS

PaySauce Limited (NZX: PYS) came forward and stated that the company has finished the first quarter of FY21 with continued robust growth. Relative to 1Q of FY20, the company’s total recurring revenue rose 54% to $449K. As per the release, number of employees in NZ being paid via PaySauce payroll software rose by 42% to 13,952 people, and the total number of employers processing pays via PaySauce rose by 41% to 2,824.

The company has welcomed over 330 new clients this quarter, reflecting an increase of 13% in total customer base since March 31st despite the pandemic as well as lockdown.

On July 14, 2020, the stock of PYS rose by 2.22% on an intraday basis to NZ$0.460 per share.

NZR Extends Debt Facility

The New Zealand Refining Company Limited (NZX: NZR) made an announcement that it has entered into binding documentation in order to extend the term of $40 Mn of existing facility maturing in the month of March 2022, by a further two and a quarter years. The company stated that $40 Mn facility would be maturing on June 30, 2024.

The weighted average term of the company’s senior debt facilities is 3.3 years. It has total available facilities amounting to $400 Mn and its net debt position at 30 June 2020 stood at $250 Mn.

 


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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