Why These 4 NZX Stocks Are Drawing Investors’ Attention Today- GNE, WBC, RBD, MFB

Summary

  • What caused investors to have a look at these stocks
  • What has been their latest USP in the market?
  • How have these stocks done on the NZX today?

With everyday market movement, some stocks undeniably see better business than others. The fluctuating market interests and announcements offered by Companies bring them to the light in front of investors. Let’s understand why these 4 NZX stocks have gained attention today!

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Genesis Energy Limited (NZX:GNE)

The biggest gas as well as utility retailer in the country, Genesis Energy Limited, is known to sell natural gas and electricity. The Company has recently announced its collective work with Methanex in order to support the field of energy security. The two have agreed upon gas supply for a short period of time. Methanex shall temporarily vacate its Montunui-located facility in an endeavour to improve the country’s energy security.

On May 28, Genesis Energy Limited traded at NZ$3.140, down by 0.29%, at the time of writing.

Also read: 5 Hot NZX Dividend Stocks To Explore Ahead of Budget 2021

Westpac Banking Corporation (NZX:WBC)

Westpack Banking Corporation is known to be one of the largest and oldest in the country. It has recently announced its disclosure statement till 31 March 2021. It has several facts and figures regarding the financial performance of the Company in the duration. Though it seemed to have done marginally lower than in the pcp, the Company has high hopes from the near future.

On May 28, Westpac Banking Corporation traded at NZ$28.080, up by 0.57%, at the time of writing.

Also read: Is Kiwi Food Industry All Set To Witness A Turnaround This Year? A Look At 4 Related Stocks

Also read: How Are These 5 NZX Stocks Doing Today? CRP, PCT, PPH, SAN, WBC

Restaurant Brands New Zealand Limited (NZX:RBD)

This is an Auckland-based corporate firm, which is a franchisee to different food brands across the country such as Taco Bell, KFC, Pizza Hut and so on. The Company declared the results of  its annual shareholders’ meeting today. Maria Elena was re-elected the Director of the company. The auditor remuneration was authorised to be fixed by the members of the board.

On May 28, Restaurant Brands New Zealand Limited traded at NZ$13.400, up by 0.75%, at the time of writing.

My Food Bag Group Limited (NZX:MFB)

This is an online-based food distribution portal. In its annual report declared today, the revenue earned was said to be NZ$190.7M, EBITDA pro forma was NZ$29.0M and the NPAT was NZ$2.4M, respectively. Online shopping witnessed a boom last year and the Company was able to rise up to the occasion.

On May 28, My Food Bag Group Limited traded at NZ$1.480, down by 1.33%, at the time of writing.

Also read: Are These 6 Stocks Gaining Any Volume On NZX?

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