Which 6 NZX stocks made the maximum price movement?

Highlights 

• Stock prices fluctuate every day because of market forces.
• Chatham Rock, Cooks Global and Mainfreight were the top gainers of the day.
• Gentrack shares dwindled the most in Wednesday’s trading session.

Stock prices fluctuate every day, and there is no clean way through which we can know how the stock price is going to perform for the day. However, there are certain technical, political and market sentiment-related factors that can help investors in knowing if the stock price will go up or down.

Let’s look at the price performance of these 6 NZX stocks on Wednesday.

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Chatham Rock Phosphate Limited (NZX:CRP) 

Leading provider of direct application phosphate, CRP has altered from a single project firm to a quickly growing group of projects close to producing operating cash flows with further opportunities enhanced by high phosphate prices.

DO READ: 5 NZX-listed stocks with attractive dividend yields

The first cashflows are likely to be produced in 2022 from the Korella mine and phosphate rock trading.

CRP was the top gainer for the day and ended the day 10.34% in green to close at $0.16.

Cooks Global Foods Limited (NZX:CGF)

Integrated food and beverage retail and supply group Cooks Global issued new shares for $3,099,534 in December 2021 after closing its rights issue.

CGF was the second top gainer for the day and ended the day 6.67% in green to close at $0.032.

Mainfreight Limited (NZX:MFT) 

Global supply chain firm Mainfreight reported on Tuesday that its YTD performance for the nine months from April 2021 to 31 December 2021 had been satisfactory and navigating Omicron-related curbs remained a priority.

RELATED READ: Has Mainfreight been able to overcome Omicron-induced slowdown?

The Group expects high freight volumes in 2022.

MFT’s shares gained 6.06% in Monday’s trading session to close at $89.9.

Gentrack Group Limited (NZX:GTK, ASX:GTK)

Cleantech solutions provider to utilities, Gentrack, plans to conduct its annual shareholder meeting on 24 February 2022.  The Group also notified that the nominations for director would be closed on 20 January 2022.

GTK was the top decliner for the day, reporting a decline of 4.26% to close at $1.8.

New Zealand King Salmon Investment Limited (NZX:NZK)

NZK informed on Tuesday that the Group had been seeing higher-than-anticipated sea farm mortality majorly due to warm seawater temperatures and has taken measures to reduce temperature-related risks. It reduced its EBITDA guidance to $6.5 million–$7.5 million from $10.5 million-$12.5 million announced earlier for FY22.

DO READ: New Zealand King Salmon (NZX:NZK): Why did it reduce its FY22 guidance?

NZK was the second decliner of the day, posting a drop of 2.8% to close at $1.04.

Geo Limited (NZX:GEO)

Job management platforms provider Geo raised $7 million viz private placement in December 2021. It plans to use the funds to accelerate the development of its platforms and increase its market investments and activities globally.

DO READ: Are these 5 NZX-listed tech stocks heading for major growth?

GEO’s shares dwindled 2.33% to $0.126 at the end of the trading session on Wednesday.

Bottom Line

Investors keep a track of top gainers and decliners for the day to make knowledgeable decisions.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)