S&P/NZX50 Falls 1% on August 7, 2020: What Investors Should Know

  • Aug 07, 2020 NZST
  • Team Kalkine
S&P/NZX50 Falls 1% on August 7, 2020: What Investors Should Know

On August 7, 2020, S&P/NZX50 ended the session in red as there was a fall of 1.00% to 11,647 while S&P/NZX20 witnessed a fall of 1.14% to 7,781. On the same day, S&P/NZX10 has encountered a fall of 1.55% to 12,319.

S&P/NZX All Energy ended the session in red as there was a decline of 1.98% while S&P/NZX All Information Technology witnessed a rise of 1.20%. We will now have a look at the performance of some individual stocks.

On August 7, 2020, the share price of TruScreen Limited (NZX: TRU) witnessed a rise of 2.50% on an intraday basis to NZ$0.082 per share. On the same day, the stock of Pushpay Holdings Ltd (NZX: PPH) rose by 2.56% on an intraday basis to NZ$8.000 per share.  

The following image provides a broad overview as to how the share price of PPH has trended in the span of past one year:

Stock Performance (Source: NZX)

Stock Performance (Source: NZX)

JLG Ended the Session in Green

Just Life Group Limited (NZX: JLG) came forward and made an announcement about unaudited year-end earnings results for the year to June 30, 2020. The company’s operating revenue stood at ~$30.2 million as compared to $33.5 million in 2019 while its underlying EBITDA amounted to around $6.4 million and in 2019 it was $6.1 million. JLG’s profit before income tax amounted to ~$3.9 Mn as compared to $2.6 Mn in 2019.

On August 7, 2020, the stock price of JLG rose by 10.13% on an intraday basis to NZ$0.435 per share.

A Recent Announcement By Geneva Finance Limited

Geneva Finance Limited (NZX: GFL) has made an announcement about appointment of Daran Nair to the position of Non-Executive Director. This became effective on 3rd August 2020.

Over the past few years, Daran has been helping clients in several complex commercial matters. Notably, Daran is holding multiple other directorships. Daran would be standing for the election by shareholders at Annual Shareholder Meeting in the month of September. As per the release, the Board has determined that Daran is an independent director.

It has been announced that Robin King has been elected to take over the position of Chairman.


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