Edgy sharemarket dips ahead of results season

Edgy sharemarket dips ahead of results season
Briscoe's result stood out today. (Image: DepositPhotos)
Graham Skellern
An edgy New Zealand sharemarket registered another small loss just before the latest company reporting season, but retailer Briscoe Group again came up with the goods.The S&P/NZX 50 Index traded in a range of 11,835.78 and 11,868.75 before closing at 11,838.26, down 30.49 points or 0.26%. It was the third successive fall this week.There were 60 gainers and 63 decliners over the whole market on volumes of 19.79 million shares worth $86.15m. Utilities investor Infratil, up 1c to $9.945, was active with $16.73m worth of shares changing hands.I...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.