MARKET CLOSE: NZ shares buck global slide on Fisher & Paykel result

Dan Brunskill
Mon, 29 Jun 2020

New Zealand shares rose, led higher by Fisher & Paykel Healthcare which reported a record profit and a positive outlook as the pandemic spurs demand for medical supplies.   The S&P/NZX 50 Index rose 123.31 points, or 1.1 percent, to 11,252.54. Within the index, 24 stocks fell, 20 rose, and six were unchanged. Turnover was $106.3 million. The benchmark’s largest stock rose 4.7 percent to a record $33.50 after it beat its earnings guidance, reporting a 37 percent lift in annual profit as demand for its products to treat covid-19 patients so...
Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Property
Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.