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Market report 22.8.19

Heavyweights Mainfreight – up $1 today at $40.30 – and EBOS – up[ 70c at $25.20 – led the way upwards for NZX today. The market index gained 15.90 at 10,725.21. Mercury continued to attract demand, rising 17c to $5.20 as investors mov ed towards utility type durable stocks., Scales rose 10c at $4.64, Air NZ’s gritty result, with no end of bright ideas to grow the business in tighter times, won the loyalty of investors, who particularly liked the steady 22cps total div for FY19 – the shares added 4c at $2.77. Abano put on 8c at $4.08 as did Kathmandu at $2.55. Napier Port picked up 3c at $3.01. Auckland Airport shed 21c or 2.14% to $#9.59. Delegat was down 13c at $11.72 and there were 9c falls for F&P Healthcare at $15.68 and Z Energy at $6.19. Comvita fell 8c to $2.62, Fletcher came back 7c at $4.65 and both a2 Milk and Fonterra SF lost 6c apiece.


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