On July 3, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 0.49% to 11,559 while S&P/NZX20 rose by 0.73% to 7,723. Notably, on the same day, S&P/NZX10 encountered an increase of 0.64% to 12,248.
S&P/NZX SmallCap Index rose by 4.66% while S&P/NZX All Materials ended the session in red as there was a fall of 2.66%. We will now have a look at the performance of some individual stocks.
The share price of Kathmandu Holdings Limited (NZX: KMD) witnessed a fall of 5.51% on an intraday basis to NZ$1.200 per share. On the other hand, the stock of Comvita Limited (NZX: CVT) rose by 5.02% to NZ$2.930 per share.
The following image provides a broad overview as to how the stock price of CVT has performed in the span of one year:
Stock Performance (Source: NZX)
Share of PEB Rose Significantly on July 3, 2020
Pacific Edge Limited (NZX: PEB) has recently stated that it has been notified by Novitas that LCD: Biomarkers for Oncology (L35396) provides coverage for Cxbladder, CPT codes 0012M (Cxbladder Detect) as well as 0013M (Cxbladder Monitor), for tests performed on or after 1st July, 2020 that are medically necessary.
As per the release, this includes reimbursement for all the Cxbladder tests performed for patients covered by Centers for Medicare and Medicaid Services (or CMS) throughout the USA, at the already determined national CMS price for Cxbladder of USD 760 per test.
On July 3, 2020, the share price of Pacific Edge Limited (NZX: PEB) witnessed a significant rise of 103.70% on an intraday basis to NZ$0.550 per share.
SPY Releases Full Year Results
On June 23, 2020, Smartpay Holdings (NZX: SPY) announced audited full-year results to March 31, 2020. The company’s revenue stood at $28.3 Mn, reflecting a 34% rise on the previous year. The primary driver of revenue growth was robust growth in Australian acquiring revenues as a result of increasing the terminal base to more than 4,600 terminals from approximately 2,200 at the beginning of the period.
On July 3, 2020 the stock price of SPY ended the session in green as it rose by 4.62% on an intraday basis to NZ$0.680 per share.