S&P/NZX50 Ended the Session in Green Led by Telecommunications Services Sector

  • September 16, 2020 07:14 PM NZST
  • Team Kalkine
S&P/NZX50 Ended the Session in Green Led by Telecommunications Services Sector

On September 16, 2020, S&P/NZX50 closed the session in green, reflecting a rise of 0.37% to 11,814.71 while S&P/NZX20 increased 0.42% to 7,827.72. Notably, S&P/NZX10 rose by 0.40% to 2,086.43.

Telecommunicatons services sector rose by 0.93% while Energy sector increased 0.80%. On the flip side, Technology sector fell 1.09% and Financials sector decreased 0.15%.

Sector Summary (Source: Refinitiv  (Thomson Reuters))

Sector Summary (Source: Refinitiv (Thomson Reuters))

Top Movers: Kathmandu Holdings Ltd (NZX: KMD) (up by 2.52%), Arvida Group Ltd (NZX: ARV) (up by 2.45%) and Pushpay Holdings Ltd (NZX: PPH) (up by 1.80%). Conversely, Sky Network Television Ltd (NZX: SKT) was down by 3.18% and Tourism Holdings Ltd (NZX: THL) fell 2.27%.

Top Movers (Source: Refinitiv  (Thomson Reuters))

Top Movers (Source: Refinitiv (Thomson Reuters))

Movements on Wall Street:

On September 15, 2020, Dow Jones Industrial Average witnessed a marginal rise and it closed at 27,995.60. On the same day, NASDAQ Composite increased by 1.21% to 11,190.32.


The sole motive of an investor is to grow his/her capital over a period to meet financial goals. In pursuit of this, investors are in a constant hunt for stocks that have capital appreciation potential and those that pay dividends, which one can reinvest to further increase the rate of return. Dividends can also be seen as an incentive for an investor to hold the stock for a longer duration of time, especially when the overall market enters a bear phase, or the underlying invested company goes through business troughs and peaks.

Stocks that have high dividend yield are considered to be a safe bet, but to take a blanket call just on dividend yield would be naive, as there is more to be analyzed to make a sound judgment on the ability of the business to keep paying a dividend over long periods.

Companies over time, increase dividend payout, and in the long term, an astute investor can reap high rewards by picking good dividend stocks, across sectors, thus diversifying and reducing the volatility of one’s portfolio. Investors in New Zealand can reap the benefit of dividend imputation credit and further increase their overall return on investment.

So, how should one pick a dividend stock? How to invest in stocks that have the wherewithal to not only pay a dividend but also increase dividend payout over the years?

With Kalkine, you will find answers to these questions, as we conduct a detailed analysis of companies based on quantitative and qualitative parameters.  

Sound dividend stocks are investors' delight. They provide the benefits of capital appreciation and the joy of constant income despite the market volatility.



The website https://kalkinemedia..com/nz is a service of Kalkine Media New Zealand Limited (Company Number 8107196).The article 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) or engage in any investment activity under discussion.Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. We are neither licensed nor qualified to provide investment advice through this platform.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK