On June 24, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 1.14% to 11,259 and S&P/NZX20 rose by 1.16% to 7,499. Notably, S&P/NZX10 encountered an increase of 1.36% to 11,718.
S&P/NZX All Health Care closed the session in green as there was a rise of 2.59% and, on the other hand, S&P/NZX All Consumer Discretionary fell by 0.67%.
On June 24, 2020, the share price of Metro Performance Glass Limited (NZX: MPG) fell by 5.50% to NZ$0.189 per share. On the same day, Smartpay Holdings Limited (NZX: SPY) declined by 5.44% to NZ$0.695 per share.
The following image provides an idea as to how the stock price of SPY has trended in the span of one year:
Stock Performance (Source: NZX)
Release of SKO’s Financial Results
Serko Limited (NZX: SKO) came out with its results for the year to March 31, 2020. The company stated that the first 3 quarters of the financial year witnessed monthly revenue growth and SKO also managed to achieve numerous important milestones. The company’s performance was negatively impacted in Q4 of the financial year because coronavirus pandemic became widespread. As a result, booking volumes of the company were heavily impacted.
Serko’s total operating revenue witnessed a rise of 11% to $25.9 Mn, reflecting an increase of $2.5 Mn as compared to the previous year. The company’s recurring product revenues encountered a rise of 16% and the figure stood at $24.1 Mn while its total income (including grants) rose by 9% to $26.8 Mn.
The share price of SKO rose by 4.11% to NZ$3.290 per share on June 24, 2020.
SPG Ended the Session in Green: A Brief Look
Stride Property Group (NZX: SPG) has announced its results for the 12 months to March 31, 2020 (or FY 2020). The company posted net rental income amounting to $59.1 Mn as compared to FY19 figure of $57.3 Mn, reflecting a rise of $1.8 Mn. The company’s net tangible assets (or NTA) per share stood at $1.91, a fall of 1 cps from $1.92 as at March 31, 2019. Notably, SPL possesses banking facility headroom of more than $218 million.
The stock price of SPG ended the session in green as there was an increase of 8.33% on an intraday basis to NZ$1.820 per share.