S&P/NZX50 Witnessed A Marginal Rise: What Market Players Should Know

  • Aug 13, 2020 NZST
  • Team Kalkine
S&P/NZX50 Witnessed A Marginal Rise: What Market Players Should Know

On August 13, 2020, S&P/NZX50 ended the session in green as there was an increase of 0.08% to 11,501 while S&P/NZX20 rose by 0.05% to 7,682. On the same day, S&P/NZX10 encountered an increase of 0.10% to 12,152.

S&P/NZX All Information Technology ended in green as there was an increase of 1.47% while S&P/NZX All Energy fell by 2.23%.

The stock price of Enprise Group Limited (NZX: ENS) rose by 17.14% on an intraday basis to NZ$0.820 per share. Also, the share price of New Talisman Gold Mines Limited (NZX: NTL) rose by 14.29% to NZ$0.008 per share.

The following image provides a broad overview as to how the share price of NTL has trended in the span of past one year: Stock Performance (Source: NZX)

Stock Performance (Source: NZX)

AMP Released Results for Half Year Ended 30 June 2020

AMP Limited (NZX: AMP) came forward and made an announcement about its results for the half-year. The profit attributable to shareholders for the half year to June 30, 2020 amounted to $203 million while in 1H FY 2019 there was a loss of $2,292 million. The company stated that its basic profit per share for the half year to June 30, 2020 on a statutory basis stood at 5.9 cents per share. Notably, on an underlying basis, earnings per share amounted to 4.3 cps. AMP’s total assets under management amounted to $253 billion as at June 30, 2020.

The stock price of AMP ended the session in green as there was a rise of 9.87% on an intraday basis to NZ$1.670 per share.

A Recent Update on TLS

Telstra Corporation Limited (NZX: TLS) came forward and released full year results for financial year 2020. Notably, these results were in line with guidance as well as market expectations. On a reported basis, the company’s total income for the year fell 5.9% to $26.2 Bn while NPAT fell 14.4% to $1.8 Bn.

Reported EBITDA stood at $8.9 Bn. However, after adjusting for lease accounting on the like-for-like basis, EBITDA fell by 0.3% to $8.4 Bn.

The stock price of TLS ended the session in red as there was a fall of 7.61% to NZ$3.400 per share.


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