On June 26, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 0.03% to 11,129 while S&P/NZX20 encountered a rise of 0.09% to 7,415. On the same day, S&P/NZX10 ended at 11,655, which implies a rise of 0.60%.
S&P/NZX All Health Care ended the session in green as there was a rise of 2.05% while S&P/NZX All Energy fell by 1.53%.
On June 26, 2020, the share price of PauSauce Limited (NZX: PYS) witnessed a decline of 7.53% on an intraday basis to NZ$0.430 per share. Also, the stock of Freightways Limited (NZX: FRE) fell by 1.43% to NZ$6.900 per share.
The following image provides an idea as to how the stock price of PYS has trended in the span of past 90 days:
Stock Performance (Source: NZX)
MOA Releases Annual Results: A Brief Look
Moa Group Limited (NZX: MOA) came forward and released its annual results for the year to March 31, 2020 and its total revenue stood at $38 Mn as compared to $16 Mn in the previous year. The rise reflected addition of the company’s Hospitality business.
The company stated that Q1 trading was stronger than was anticipated, and both the businesses managed to demonstrate a strong uplift through Alert Levels 2 & 1. Considering the uncertainty with respect to the trading environment, MOA is not able to offer guidance on earnings for FY 2021.
The stock price of MOA ended the session in green as it rose by 10% on an intraday basis to NZ$0.176 per share.
TLL Ended in Green on June 26, 2020
TIL Logistics Group Limited (NZX: TLL) has notified the market that the businesses are recovering since the lifting of the restrictions. However, the company’s management is cautious with respect to the trading environment.
As per the release, there is greater certainty with regards to the impact of coronavirus and the ongoing performance. TLL has reissued guidance for financial year FY20. The company is anticipating FY 2020 EBITDA (excluding the IFRS 16 impact) to be in the range of $25 Mn- $27 Mn.
The future outlook for the company is positive, however, flow-on effect of coronavirus is expected to be felt for some time and TLL is maintaining cautious outlook on the economy as well as trading environment.
The share price of TIL Logistics group closed at NZ$0.740 per share, reflecting an increase of 17.46% on an intraday basis.