Why are 5 NZX50-listed shares trending during the market session?


  • Summerset Group Holdings organised its Annual Shareholder Meeting and passed few important resolutions.
  • Fonterra Co-operative Group shared a global dairy update for June 2021, stating NZ's milk production for the full season was up on pcp.
  • Both Contact Energy and Fletcher Building would release their financial results in August 2021.

With regular updates from various companies, stock markets notify their investors about the latest market trends. Trade analysts, economists, traders, etc., keep a tab on the market highlights and trends and gauge the investors' sentiments.

That said, here’s a compilation of the trending 5 NZX50-listed shares that are drawing the investors’ attention.

Source: Copyright © 2021 Kalkine Media

Summerset Group Holdings Limited (NZX:SUM)

First on the list is Summerset Group Holdings Limited, provider of retirement villages across New Zealand. In its recently held Annual Shareholder Meeting, the Management was pleased with the Company's performance for 2020. The Company's NPAT stood at NZ$231 million, and operating cash flows were recorded at NZ$267 million, mainly on accounts of solid sales of its settlements.

Also, it had distributed a total dividend payment amounting to 13.0 cps during the year.

Further, the following resolutions were passed in AGM:

  • Re-election of James Ogden and Dr Marie Bismark as Directors.
  • Authorisation is given to the Board to fix the auditors’ remuneration.

On 30 June, at the time of writing, Summerset Group Holdings’ share price was up by 0.53% at NZ$13.38.

Must Read: What Is In Store For The Retirement Villages In Budget 2021? A Glance At 5 Related NZX Stocks

Fonterra Co-operative Group Limited (NZX:FCG)

The dairy giant, Fonterra Co-operative Group Limited, provided a global dairy update for June 2021 in which, it revealed that New Zealand's full-season milk production for the 12-month period to May 2021 was up 2.6% on pcp. So was the case of Australia’s and the US milk production, which also saw growth. Moreover, the monthly exports across all the regions are on the rise.

Further, in the recently held New Zealand Dairy Industry Awards, Fonterra bagged all the four main titles and the NZDIA Lifetime Achievement Award.

On 30 June, at the time of writing, Fonterra Co-operative Group climbed by 3.31% at NZ$3.74.

Don’t Miss: Fonterra decides to sell its China-based JV farms

Contact Energy Limited (NZX:CEN)

Next is Contact Energy Limited, which is the country’s leading electricity generation company. CEN will announce its FY21 results on 16 August 2021.

Also, recently, James Kilty, its Deputy CEO, has stepped down and will join Powerco as its CEO in October 2021.

The shares of Contact Energy dropped by 1.68%, at NZ$8.2, at the time of writing on 30 June.

Read: Why to keep an eye on the 5 biggest stories on NZX?

Fletcher Building Limited (NZX:FBU; ASX:FBU)

One of the largest companies listed on the NZX with a market capitalisation of more than NZ$6 billion is Fletcher Building Limited, which is the country’s leading provider of building products and solutions. The Company will disclose its financial performance for the year ending 30 June 2021 in August 2021.

On 30 June, at the time of writing, Fletcher Building rose by 0.94% at NZ$7.5.

Also Read: Would 10 NZX dividend-paying mid-cap stocks help beat pandemic blues?

Fisher & Paykel Healthcare Corporation Limited (NZX:FPH; ASX:FPH)

Last but not least is Fisher & Paykel Healthcare Corporation Limited, which is a global leader in the healthcare sector. On 7 July, the Company will distribute 22.0 cps as the final dividend. In this regard, the foreign exchange rate for the payment of dividends to its Australian investors has been fixed at AU$0.92980000.

The share price of Fisher & Paykel Healthcare Corporation dipped by 0.79%, at NZ$31.500, at the time of writing, on June 30.

Recommended Read: Why does dividend matter to investors? A peek at the related NZX stocks



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