MARKET CLOSE: NZX50 hits record as investors eye US-China trade deal

Paul McBeth
Wed, 15 Jan 2020

The S&P/NZX 50 Index broke new ground as investors await the signing of the preliminary US-China trade deal. Gentrack slumped as a potential major customer backed out of a deal. The NZX50 rose as high as 11,693.46 and ended the day at 11,676.67, up 51.54 points, or 0.4 percent. Within the index, 28 stocks rose, 16 fell, and six were unchanged. Turnover was $181.3 million. China’s Vice Premier Liu He is scheduled to sign the first stage of the trade agreement in Washington overnight, although US Treasury Secretary Steven Mnuchin said the U...
Opinion FREE
TIM HAZLEDINE: No more job subsidies, thank you
Tim Hazledine | Mon, 10 Aug 2020

The government has pulled the plug on two major job subsidy schemes.

Case for closing Taranaki plant 'accelerating' - Contact
Gavin Evans | Mon, 10 Aug 2020

Rising gas and carbon costs are “accelerating the case” for replacing Contact Energy’s biggest gas-fired power station with renewables.

MARKET OPEN: Kiwi under pressure, corporate earnings in focus
Rebecca Howard | Mon, 10 Aug 2020

The New Zealand dollar is weaker after a solid US jobs report but attention will now shift to local corporate earnings ahead of the Reserve Bank of New Zealand’s rate decision this week. The kiwi w...

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.