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It was a classic case of ‘buy the rumour, sell the news’ for Air New Zealand stocks.
The Air NZ share price stood out as a top performer among tourism stocks following news about the likelihood of a Covid-19 vaccine.
Tourism and leisure stocks have rallied on the New Zealand sharemarket on the back of the US elections and news of a Covid-19 vaccine.
Serko has been included in the S&P/NZX 50, S&P/NZX 50 Portfolio Index, and the S&P/NZX MidCap Index.
Trading in Augusta’s shares would be suspended after the close of market on 19 August.
Tourism companies listed on the New Zealand and Australian stock exchanges will report their results over the next few weeks.
Tourism stocks fell as investors reacted to four positive cases of community transmission in Auckland.
SkyCity has opened its fully underwritten $50m share purchase plan for retail investors.
The company wants to bolster its balance sheet to help cope with the impacts of Covid-19.
The operator has led a two-week price surge for tourism-related stocks on the NZX.
Tourism stocks have rallied with Tourism Holdings leading the charge.
Tourism companies listed on the stock exchange have recovered some lost ground this week after announcing restructuring.
New Zealand-listed tourism stocks took a dive this morning after two days of wild trading in the international markets.