AFT leads NZ shares higher

AFT leads NZ shares higher
Regional markets are probably placing more emphasis on a flat close by Wall Street, says Oanda analyst Jeffrey Halley. (Image: File)
Dan Brunskill
AFT Pharmaceuticals led New Zealand’s share market higher after its new painkiller helped double the company’s annual net profit.  The S&P/NZX 50 Index rose 50 points, or 0.4%, to 11,316.46. Turnover was $92.6 million.Oanda analyst, Jeffrey Halley said US market futures were up today but Asian investors were still cautious about the prospect of a recession.“It is always worth taking Monday morning price action with a grain of salt and regional markets are probably placing more emphasis on a flat close by Wall Street,&...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024