Health & Wellness Boom On The ASX
This story features EZZ Life Science Holdings Ltd, and other companies. For more info SHARE ANALYSIS: EZZ
You beauty! Health and wellness stocks that deliver prosperity and vitality
By Tim Boreham, Editor, The New Criterion
It seems the only advertisers these days are Harvey Norman, sports betting shops and Chemist Warehouse and Priceline with their pages of pills and unguents.
Indeed, the term “health and wellness” might be overused and even tautologous, but tell that to the average household that spends many billions of dollars annually on cosmetics, dietary supplements and surgical nips and tucks.
ASX rises 0.8pc as GDP beats expectations
Share
The S&P/ASX 200 Index climbed 55.7 points, or 0.8 per cent, to 6818, its highest level in four sessions.
The tech-heavy Nasdaq Composite was hit hardest, falling 1.7 per cent while the S&P 500 declined 0.8 per cent. The Dow Jones Industrial Average lost 0.5 per cent.
Despite the poor lead from Wall Street, the local sharemarket shot up at the open and remained firmly higher through the session.
Advertisement
Australia’s fourth-quarter gross domestic product beat expectations, expanding 3.1 per cent from the previous three months, buoyed by strength from consumer spending despite a drop in income.
EZZ Life Science Holdings Limited to list on the ASX today following oversubscribed A$6m IPO
Mar 03 2021
SYDNEY, March 3, 2021 /PRNewswire/ Australian beauty and wellness product company, EZZ Life Science Holdings Limited is set to list on the Australian Securities Exchange (ASX) today after raising A$6 million through its successful and oversubscribed Initial Public Offer.
EZZ shares are due to begin trading around
11:00am AEDT under the ticker code EZZ. The raising values EZZ at an indicative market capitalisation of A$21 million, following the issue of 12 million fully paid ordinary shares at an offer price of A$0.50 per share.
EZZ operates in the growing categories of skin care and consumer health, offering skin care and wellness products to retailers and consumers in Australia and internationally.