MARKET CLOSE: NZ shares rise on upbeat Australian view; Westpac, Pumpkin Patch gain

Thu, 07 Jun 2012

June 07 (BusinessDesk) - New Zealand shares rose, led by companies exposed to the Australian economy after strong jobs and economic growth data lifted companies that get revenue across the Tasman. Pumpkin Patch led the advance, while Westpac and ANZ Bank also gained. The NZX 50 Index gained 9.44 points, or 0.3 percent, to 3473.95. Within the index, 24 stocks gained, 19 fell and seven were unchanged. Turnover was $102.8 million. In Australia, the S&P/ASX 200 Index climbed 1.3 percent in afternoon trading after government figures showed the eco...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.