S&P/NZX50 Witnessed a Marginal Fall of 0.12% on August 5, 2020: What You Should Know

  • Aug 05, 2020 NZST
  • Team Kalkine
S&P/NZX50 Witnessed a Marginal Fall of 0.12% on August 5, 2020: What You Should Know

On August 5, 2020, S&P/NZX50 ended the session in red as there was a fall of 0.12% to 11,758 while S&P/NZX20 encountered a decline of 0.14% to 7,868. On the same day, S&P/NZX10 witnessed a fall of 0.25% to 12,518.

S&P/NZX All Energy witnessed a fall of 1.05% while S&P/NZX All Consumer Discretionary rose by 0.91%. We would now have a look at the performance of some individual stocks.

On August 5, 2020, the share price of Cavalier Corporation Limited (NZX: CAV) rose by 14.29% to NZ$0.320 per share. On the same day, the stock price of EROAD Limited (NZX: ERD) increased 8.03% on an intraday basis to NZ$3.900 per share.

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

Stock Performance (Source: NZX)

Stock Performance (Source: NZX)

TRU Shoots Up By 21.43%

As part of rationalisation of the distributors network, Truscreen Limited (NZX: TRU) made an announcement that it has made an appointment of prominent medical device distributor Aspironix, s.r.o. Aspironix would be exclusive distributor for Czech Republic, Slovakia, as well as Poland.

It was further mentioned that territories of Czech Republic, Slovakia, and Poland possesses a combined cervical cancer addressable screening population of more than 17.9 Mn women. Therefore, there happens to be a substantial market opportunity for Truscreen.

A Recent Update on TLS

Telstra Corporation Limited (NZX: TLS) made an announcement that the company has entered an agreement with respect to sell its data centre complex in Clayton, Victoria, to Centuria Industrial REIT for the consideration amounting to $416.7 Mn.

As per the release, sale consists a triple-net lease-back arrangement which implies that Telstra would be retaining ownership of all the IT as well as telecommunications equipment, and ongoing operations and responsibility with regards to building upgrades and repairs, future capital expenditure requirements and security.

 


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