Which are top 5 NZX shares by price movement?

Highlights

• The NZX is always buzzing with stock news and updates that lead to stock price changes.
• Geneva Finance was the top gainer of the day followed by AFT Pharmaceuticals.
• Greenfern Industries’ shares dwindled the most for the day. 

The NZX is always buzzing with different updates and stock news that trigger some stock prices to witness a positive trend and force some to decline.

Investors and traders keep a close eye on such stocks to make their investment moves.

Let’s have a look at how prices of these 5 stocks fared on Tuesday.

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Geneva Finance Limited (NZX:GFL)

As per Geneva’s September update, GFL had functioned for nearly 4 months without any lockdown interruptions with minimal business impact before the ongoing lockdown.

Must Read: Which are five popular capital goods stocks in New Zealand?

GFL expects its 6-month pre-tax profit to increase by 16.4% on the prior year for the period to September 2021. The full impact will remain dependent on the occurrence and term of further lockdowns.

GFL was the top gainer for the day. It was up by 5.97% at $0.71 on Tuesday.

AFT Pharmaceuticals Limited (NZX:AFT)

AFT Pharmaceuticals announced on Tuesday that the US FDA had confirmed the approval of a New Drug Application for Maxigesic® IV.  The US regulator is likely to respond to the application between August and September 2022.

The NDA submission is built on encouraging statistics from two Phase 3 studies of Maxigesic IV.

AFT was the second gainer for the day. It was up by 4.55% at $4.56 on Tuesday.

NZME Limited (NZX:NZM)

NZME completed the sale of the GrabOne business to Global Marketplace New Zealand Limited on 29 October. The Company is due to give an update on its capital management plan at its annual Investor Day, which is likely to occur in November 2021.

Also Read: Which are 5 NZX stocks with high dividend yields?

The Group expects profit growth over 2020 for the full year of 2021 subject to the trends to date and on NZ containing any new outbreak quickly.

NZME was another gainer for the day with the shares jumping 3.45% at $1.2 at the end of the day.

Greenfern Industries Limited (NZX:GFI)

Greenfern notified on Tuesday that it had won the Green Award in the official Australian Cannabis & Hemp Industry Awards held in 2021. The award identifies exceptional eco-responsible products, services or brands.

The Company has also completed the second year of Toitū carbon zero certification annual audit obligations.

GFI was the biggest decliner for the day. The stock’s shares declined 6.35% to $0.295 at the end of the day.

Blis Technologies Limited (NZX:BLT)

Blis Technologies had conducted an analysis of the marketing function after the resignation of Julie Curphey, the Chief Marketing Officer,  on 23 August.

Related Read: Are the 5 NZX retail stocks benefitting amid the pandemic?

The result has come out to establish a new position of Marketing and e-Commerce Director and simultaneously merging the existing Marketing and e-Commerce teams under a single leadership role.

Laura Grant, the current eCommerce Director, has been hired to this new position.

BLT was another decliner of the day with shares dwindling 4.92% to $0.058.

Bottom Line

Gainers and decliners for the day help investors in making better investment decisions.

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