MARKET CLOSE: NZ shares rise with continual central bank support

Dan Brunskill
Tue, 07 Jul 2020

New Zealand shares rose for a fourth day as investors bet that further central bank stimulus and ongoing low interest rates will continue to support equities. The S&P/NZX 50 Index gained 87.52 points, or 0.8 percent, to 11,743.73. Within the index, 27 stocks rose, 20 fell, and three were unchanged. Turnover was $129 million. Share markets across Asia started the week with a “positive mindset” after a front-page editorial in the China Securities Journal said “fostering a healthy bull market” was important to the Chinese economy, ASB econom...

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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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