Jarden brief: Aussie coal exporters wake up to shock
15 Dec, 2020 07:11 PM
6 minutes to read
China has banned all coal imports from Australia. Photo / Getty Images
NZ Herald
New Zealand
The SPX NZ50 was down 0.6 per cent on the day. Smaller stocks outperformed as the NZX Small Cap index rose 0.4 per cent.
Real Estate was the only sector that was green on the day, finishing up 0.1 per cent, while Energy was flat. Technology and Financials were the worst-performing sectors on the day, down 1.9 and 1.8 per cent respectively.
Generator Retailer Meridian Energy was the best performing stock on the day, up 1.1 per cent. Dairy exporter A2 Milk and Cancer Diagnostics company Pacific Edge were the next best performers, each up 1.0 per cent. Contact Energy was the worst-performing stock on the market, down 3.3 per cent after the prior day s exuberant performance. Kathmandu Holdings was the next worst performer on the day, down 3.1 per cent.