Yovich & Co. Market Update - 9 January 2020

Jan 9, 2020 | Commentary

9 January 2020

Welcome back. We trust you enjoyed the fine weather over the festive season and are excited about the investment opportunities this year. The NZX50G increased 32.59% for the 2019 year (4/01/2019 to 3/01/2020). Last year saw the highest returns for the NZX50G since the bull run that started in March 2009 (GFC recovery). This makes investors nervous as there is a lot of discussion about when the bull will sleep, and the bear will wake. As an investor it is important to ensure your portfolio is correctly balanced so that you are positioned to take advantage if the market does turn. Contact your Financial Adviser to ensure your portfolio is correctly balanced.

 

 

 

 

In summary, the NZX50G had 17 companies on the downside, 3 remained unchanged and 30 companies were on the upside. The first Global Dairy Trade auction (GDT) was held 7 January. Results were positive, up 2.8%, a great improvement from the -5.1% results on 17 December. Total metric tonne (MT) sold was 33,050 at average price of $3,371.

 

 

 

 

  • Metlifecare’s share price has continued to increase as the board has recommend that shareholders accept an offer by Asia Pacific Village Group to buy it for $7 NZD per share, a 67% premium to Metlifecare’s 52 week trading low.

Investment News

The annual NZ Herald Broker Picks article published on 26 December mentioned 21 different companies. The most common stock picked by five of the six brokers was once again a2Milk. Below is an extraction of our preferred high yielding  and growth stocks, from the 26 companies listed in the article. The most important aspect of choosing stocks is buying them at the right price. https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12294223

 

 

 

Disclaimer: This publication has been prepared for your general information. While all care has been taken in the preparation of this publication, no warranty is given as to the accuracy of the information and no responsibility is taken for any errors or omissions. This publication does not constitute financial or insurance product advice. It may not be relevant to individual circumstances. Nothing in this publication is, or should be taken as, an offer, invitation, or recommendation to buy, sell, or retain any investment in or make any deposit with any person. You should seek professional advice before taking any action in relation to the matters dealt within this publication. No part of this publication may be reproduced without prior written permission from our company. Disclosure statements relating to the financial advisers associated with this newsletter are available on request and free of charge.

 

 

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Nathanael McDonald



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