MARKET CLOSE: NZ shares climb to four-month high

Dan Brunskill
Fri, 03 Jul 2020

New Zealand shares rallied to a four-month high as some investors were encouraged by better-than-expected US jobs data and continued central bank support. The S&P/NZX 50 Index rose 56.18 points, or 0.5 percent, to 11,558.70 — the highest close since March 5. Within the index, 23 stocks rose, 22 fell, and five were unchanged. Turnover was $123.8 million. Share markets across Asia rose to their highest level since the end of February, based on the MSCI Asia Index. Today’s rally was driven by reports that nonfarm jobs in the United States...
Markets
MARKET CLOSE: NZ shares join Asian rally on strong US, European manufacturing
Dan Brunskill | Tue, 04 Aug 2020

New Zealand shares joined a rally across Asia as better than expected US and European manufacturing figures revived investors' confidence in the global economy. Fisher & Paykel Healthcare led the mark...

Markets
Weaker NZ dollar lifts off its lows after RBA more upbeat
Jenny Ruth | Tue, 04 Aug 2020

The weaker New Zealand dollar lifted off its lows after the Reserve Bank of Australia maintained its settings and reiterated its commitment "to do what it can to support jobs, incomes and businesses i...

Retail
Healthscope in $550M deal to sell NZ pathology business
Rebecca Howard | Tue, 04 Aug 2020

Australia’s Healthscope has inked a deal to sell its New Zealand pathology business to the NZ Super Fund and Ontario Teachers’ Pension Plan Board for more than $550 million. The two pension funds w...

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