MARKET CLOSE: NZ shares rise as property stocks buoyed on Stride dividend

Dan Brunskill
Wed, 29 Jul 2020

New Zealand shares were buoyed by property stocks on news that Stride Property was maintaining its dividend despite the impacts of the covid-19 pandemic and lockdown.  The S&P/NZX 50 Index increased 21.17 points, or 0.2 percent, to 11,599.44. Within the index, 27 stocks fell, 17 rose, and seven were unchanged. Turnover was a lighter $100.1 million. Global trading has been tentative in recent days as investors await the outcome of the US Federal Reserve's policy review and whether US policymakers will agree to further fiscal stimulus. Majo...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.