MARKET CLOSE: NZ stocks rise, paced by NZOG; Property entities advance

Tue, 01 Jul 2014

By Suze Metherell July 1 (BusinessDesk) - New Zealand stocks rose, paced by New Zealand Oil and Gas which advanced after securing $5 million in historic royalties from Genesis Energy. Property entities rose. The NZX 50 Index increased 4.785 points, or 0.1 percent, to 5146.262. Within the index, 25 stocks rose, 14 fell and 11 were unchanged. Turnover was $152.4 million. NZOG climbed 1.9 percent to 81 cents. The Wellington-based company will receive a one-off $5 million lift to after tax earnings in the current financial year and an expe...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Quiz FREE
QuiznessDesk, Thursday, June 30, 2022
The Quizmaster | Thu, 30 Jun 2022

Don't forget to give our daily quiz a go. Good luck!

Media
Discovery NZ slumps to $34m loss in 2021
Daniel Dunkley | Thu, 30 Jun 2022

The broadcaster, part of US giant Warner Bros. Discovery, recorded the heavy loss after racking up a larger wage bill.

Markets
BusinessDesk owner NZME hits 100,000 digital subscriptions
Oliver Lewis | Thu, 30 Jun 2022

The owner of BusinessDesk has hit a new high, with even more customers choosing to subscribe.

Sponsored
Investments to sustain the momentum of building in NZ

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

Sponsored
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.