MARKET CLOSE: NZ shares fall as energy sector sell-off continues

Dan Brunskill
Fri, 10 Jul 2020

New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close. Chorus led the market lower on the risk of more regulation. The S&P/NZX 50 Index declined 46.02 points, or 0.4 percent, to 11,394.86. Within the index, 20 stocks fell, 23 rose, and seven were unchanged. Turnover was $144.6 million. The benchmark dropped as investors continued to sell positions in energy stocks that have been negatively affected by the closure of the aluminium smelter that u...
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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