Are These 6 Biggest Stock Movers On The NZX Today? FBU, BLT, ZEL, FCG, NWF, SVR

Summary

  • Bullish/Bearish stock trading or the day
  • View their latest announcements and developments.
  • What caused these stocks to do better/worse than the others?

Some of the biggest movers of the day, whether trading green or red grab the most eyeballs in the stock market. Let’s  have a look at some such hot stocks that have traded bullish and bearish on Friday, depending on several factors.

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Fletcher building Limited (NZX:FBU)

This is a dual listed construction and building based company. They have announced in their half year results in February, that their net assets were worth NZ$479.3m, whereas the Net earnings after tax was NZ$45.1m, whereas it had been NZ$25.7m in the pcp.

On May 7 Fletcher Building Limited traded at NZ$7.370, up by 1.24% at the time of writing.

Blis Technologies Limited (NZX:BLT)

This is a probiotic creating company with many health and wellness related uses. According to their recent update, two of their important probiotic strains had received approval in India. This means that the Company can now thing about expanding operations there too. The delay in approval was caused due to COVID-19 related chaos.

On May 7 Blis Technologies Limited traded at NZ$0.065, up by 3.17% at the time of writing.

Z Energy Limited (NZX:ZEL)

This is a company that deals in various kinds of fuels, such as petrol diesel and even aviation fuel. It was recently announced by them in their annual report that though the past year has had tremendous challenges, the Company has emerged victorious over them and come out of them stronger. The NPAT earned by the Company in the duration was NZ$57m in as many as 51.5m transactions.

On May 7, Z Energy Limited traded at NZ$2.810, up by 2.18% at the time of writing.

Fonterra Co-operative Group (NZX:FCG)

This is a dairy based company with several brands across the country. It has recently been announced by  them today that the trading halt levied by them a few days ago is now lifted and the Company is now trading on NZX.

New Zealand Farms (NZX:NWF)

This is a wind farm Company that works towards the creating energy through renewable resources. They have recently announced that they are now in agreement of a fixed price with variable volume for the 1st to 3rd quarters of 2022.

On May 7, New Zealand Wind Farms traded at NZ$0.210, down by 2.33% at the time of writing.

Savor Limited (NZX:SVR)

This is a hospitality-based Company and works in different parts of the country. The acquisition of Ortolana, Amano and The Store is now complete.  The Company further announced directorial changes which had been put in action with immediate effect.

On May 7 Savor Limited traded at NZ$0.220, down by 2.22% at the time of writing.


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