Understanding the Performance of S&P/NZX50

  • Jun 04, 2020 NZST
  • Team Kalkine
Understanding the Performance of S&P/NZX50

On June 4, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 0.94% to 11,223 while, on the same day, S&P/NZX20 rose by 0.94% to 7,534. Also, S&P/NZX10 encountered an increase of 0.85% to 11,641.

S&P/NZX All Financials encountered an increase of 2.89% while S&P/NZX All Information Technology fell by 1.98%.

On June 4, 2020, the stock of Enprise Group Limited (NZX: ENS) witnessed an increase of 9.68% on an intraday basis to NZ$0.680 per share. On the other hand, the stock price of QEX Logistics Limited (NZX: QEX) witnessed a fall of 10.29% to NZ$0.610 per share.

POT Makes An Announcement of New Corporate Services Manager

Port of Tauranga Limited (NZX: POT) has made an announcement about the appointment of Melanie Dyer as its new Corporate Services Manager. POT added that Melanie would be replacing recently retired Sara Lunam and she would be joining Port of Tauranga later this year.

Notably, Melanie Dyer is presently the General Manager People and Culture for Trustpower Limited.

A Look At Recent Update By VGL

Vista Group International Limited (NZX: VGL) has recently provided an update on the impacts of coronavirus pandemic on its businesses and steps which are being taken to address the impacts. The company added that majority of its global workforce has been working from home. However, small number of employees have returned to work at NZ head office, and the focus is on ensuring operation in accordance with the requirements of Level 2.

The impact of COVID-19 pandemic is being felt on the film industry globally. Cinemas in several countries are presently closed and those which are able to open are generally subject to new mandated operating requirements, which includes capacity restrictions and social distancing.

VGL has wrapped up NZD$65 Mn capital raise. The company witnessed robust support from the existing institutional as well as retail shareholders. The company’s Directors have voluntarily reduced their remuneration by 30%. VGL has also cancelled 2019 final dividend and the company has terminated the agreement to acquire a further 14.5% stake in Vista China.

 


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