Pavan Sharma

It is set to be a busy week ahead with the focus on quarterly reporting season in the US and a number of AGM’s in Australia/NZ.

The KPG chart is moving sideways ranging between $1.00 to $1.08. With the recent announcements on reinstatement of dividends, increase in foot traffic and significant discount to the NTA value at $1.26 the stock looks attractive at the current price of $1

Locally, the RBNZ continues to reiterate that it is better to do too much than too little, thus locking in negative interest rates for next year – underpinning positive share market investor sentiment which saw the NZX hit a new all-time high.

A2’s share price has been on a decline since 17th August when it was at its peak at $21.74. The news of key shareholders selling major chunks spearheaded the downfall and recently the stock touched $15.00 mark.

Markets also appear to see a greater chance of a clear Biden win in the election, reducing the risk that Trump disputes the result and creates a drawn-out period of uncertainty.