Electronic Technology Soars, Finance Stocks Struggle

MT Newswires Live
05 May

Electronic technology shares gained the most on the New Zealand Exchange, rising over 9% by midday Monday.

Smartpay Holdings (ASX:SMP, NZE:SPY) was the best performer in the sector, surging 18% in recent trade as it signed an exclusivity agreement granting an unnamed buyer due diligence access until June 9.

On the other hand, finance shares dropped nearly 1%.

Westpac Banking (NZE:WBC, ASX:WBC) led the drop in the sector, sliding 3% in recent trade after reporting earnings of AU$0.96 per diluted share in the fiscal first half, up from AU$0.916 per diluted share in the year-ago period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10