MARKET CLOSE NZ shares rise as GPG talks up Tower’s value, Port of Tauranga falls

Wed, 29 Aug 2012

By Hannah Lynch Aug 29 (BusinessDesk) - New Zealand shares rose, led by Tower after Guinness Peat Group said the insurer’s stock doesn’t reflect the value of its businesses. Port of Tauranga fell from an all-time high after confirming another record full-year profit. The NZX 50 Index fell 0.66 points, or 0.01 percent, to 3628.38. Within the index, 24 shares rose, 19 fell and seven were unchanged. Turnover was about $129 million. Tower, the insurance company hat’s about one third owned by GPG, rose 3.4 percent to $1.85 after GPG chairman Rob...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Eroad shares on the road to recovery
Ella Somers | Thu, 07 Jul 2022

Jarden wealth management director Greg Main said Eroad was continuing its “recent recovery” and rising strongly after being heavily sold down.

Global Events
Jacinda Ardern soft-pedals on China’s Pacific ambitions
Pattrick Smellie | Thu, 07 Jul 2022

The prime minister has offered a conciliatory view of China's potential to do good in the Pacific region, as tensions between Beijing and Wellington grow over Chinese strategic ambitions in the region.

Primary Sector
Foot-and-mouth disease risk low from Indonesian PKE says Biosecurity NZ
Rebecca Howard | Thu, 07 Jul 2022

Biosecurity NZ sent a team to Indonesia for an extra level of assurance. 

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges