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Highlights
- S&P/NZX 50 slashed 0.4% to $13,108.6 points on Tuesday.
- YTD performance shows the performance of a stock over the present year.
- Sky Network shares have given a YTD return of 27.3% while Z energy shares have given a YTD return of 16.1%.
The benchmark S&P/NZX 50 slipped 0.4% on Tuesday to close at $13,108.6 points. This result came even after good profits from blue-chip stocks and positive markets in US and Australia. Materials and energy stocks witnessed the largest drop in the day with 7 out of 11 sectors trading in red.
The index delivered a return of 0.09% on a year-to-date basis and a return of 3.55% on a quarter-to-date basis, as on 14 September 2021.
Amid this backdrop, let’s have a look at how these 5 NZX stocks have performed by YTD.
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Sky Network Television Limited (NZX:SKT, ASX:SKT)
Sky Network, the television and communication services provider, shares have given a YTD return of 27.33% and the stock traded flat at $0.205 on Tuesday.
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The Group recently extended its long partnership with WarnerMedia. Sky declared that a deal has been struck between the two that will permit customers to access programmes across key brands like HBO, DC, Warner Bros, and premium content from HBO Max.
Z Energy Limited (NZX:ZEL; ASX:ZEL)
Z Energy, the kiwi transport fuel firm, shares have given a YTD return of 16.1% and traded 0.57% lower, to close at $3.5 on Tuesday.
The Group announced last month that it has got a non-bonding offer from Ampol (an Australian transport fuel leader) to buy Z for $3.78 per share. Ampol had approached Zel for the 4th time in recent months.
Kiwi Property Group (NZX:KPG)
Kiwi Property Group shares have given a YTD return of negative 1.5% and shares traded flat at $1.17 at the end of the day.
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COVID-19 had a substantial impact on KPG, but the business took proactive efforts to safeguard its tenants, and the company's balance sheet enabled it to improve its situation by the end of FY21. The Group paid a final cash dividend of 2.95cps, with the payout for the next year expected to be at least 5.3cps.
Precinct Properties New Zealand Limited (NZX:PCT)
Precinct, developer and CBD specialist, shares have given a YTD return of negative 2.2% and ended the day 0.9% higher to close at $1.685 on Tuesday.
On 9 September, NZX operations advised that Precinct Properties New Zealand Limited Convertible Notes will be converted into PCT ordinary shares on 27 September.
Spark New Zealand Limited (NZX:SPK; ASX:SPK)
Spark, NZ’s telco major, shares have given a YTD return of 7.2% and traded 1.04% higher to close at $4.88 on Tuesday.
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Spark reported a 1% increase in EBITDA to $1.12 billion in the second quarter of FY21, owing to strong growth in its key markets and cost control.
However, due to significant amortisation and depreciation expenses, as well as an increase in tax expenditure, the telco's NPAT decreased. For H2FY21, the Group declared a dividend of 12.5cps.
Bottom Line
Computing YTD performance can be a good measure to for investors to assess how the stock is performing and help them in making investment decisions.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)