- Genesis Energy utilises its Fixed Priced Option to meet its 2020’s carbon obligations.
- The New Zealand Refining Company proposes to convert its Marsden Point site into a fuel import terminal.
- Kiwi Property Group announces the launch of its Green Bond offer, which is expected to close on 9 July.
With regular updates from companies, stock markets alert their market participants about the latest announcements and changes in the market trends.
As a result, investors make informed decisions on either stocking or selling the stocks of various companies, depending upon their portfolio and risk appetite.
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Amid the given scenario, let us take a quick look at the 6 trending NZX-listed stocks.
Genesis Energy Limited (NZX:GNE)
Headquartered in Auckland, Genesis Energy Limited is a famous electricity-related company in New Zealand. The Company had notified its stakeholders that under the NZ Emissions Trading Scheme (ETS), it would utilise its Fixed Priced Option (FPO) worth $35 per tonne to meet its carbon obligations for the year 2020.
Hence, GNE’s carbon expense for FY21 would increase by NZ$27 million.
On 5 July, at the time of writing, Genesis Energy was up by 0.57% at NZ$3.54.
Fisher & Paykel Healthcare Corporation Limited (NZX:FPH)
The globally acclaimed manufacturer of healthcare products, Fisher & Paykel Healthcare Corporation Limited, had recently announced that while paying its final dividend of 22.0 cpu, which is due on 7 July, the Company has fixed the AUD rate for its Australian investors at 0.92980000 and the shareholders will be paid accordingly.
On 5 July, the shares of Fisher & Paykel Healthcare Corporation were climbing by 0.3% at NZ$30.570, at the time of writing.
Spark New Zealand Limited (NZX:SPK)
Spark New Zealand Limited is NZ’s leading telecommunications and digital services company. It has extended the term of its Future Director, Ana Wight, by five months, who will remain in the position till the end of December 2021.
At the time of writing, Spark New Zealand dropped by 0.31% at NZ$4.840, as on 5 July.
Pushpay Holdings Limited (NZX:PPH)
As per the latest updates, Pushpay Holdings Limited has revealed that its CFO, Shane Sampson, has resigned, which would be effective from October 2021. Hence, the Company is actively looking for a suitable replacement to work from its US-based Washington office.
The shares of Pushpay Holdings declined by 2.86% at NZ$1.70, at the time of writing, on 5 July.
The New Zealand Refining Company Limited (NZX:NZR)
The New Zealand Refining Company Limited is an energy entity, which supplies refined petroleum products across the country.
Following an extensive Strategic Review process, the Company has scheduled a Special Meeting on 6 August for its shareholders to seek approval for the conversion of its Marsden Point site into a dedicated fuel import terminal, thus ceasing its operations as a toll oil refinery, and changing its name to Channel Infrastructure NZ Limited.
On 5 July, The New Zealand Refining Company jumped by 2.99% at NZ$0.690, at the time of writing.
Kiwi Property Group Limited (NZX:KPG)
Kiwi Property Group Limited operates in the real estate space. It announced the launch of its seven-year, fixed-rate green bonds offer up to NZ$100 million for the institutional and NZ retail investors. The offer is likely to close on 9 July 2021.
Further, these green bonds are expected to be assigned a BBB+ credit rating by S&P Global Ratings.
On 5 July, at the time of writing, the shares of Kiwi Property increased by 0.43% at NZ$1.180.