Fletcher Building gains 4.6% after big volumes on ASX

Fletcher Building gains 4.6% after big volumes on ASX
High volumes of Fletcher stock were traded on the ASX. (Image: Supplied)
Gregor Thompson
Gains from Fletcher Building and Pacific Edge weren’t enough to keep the index above the ledger to start the week.  The benchmark S&P/NZX 50 fell 0.15% to 13,208.31 points on Monday, with 31.4 million shares worth $110.2m changing hands. Matt Goodson, the managing director of Salt Funds Management, said high volumes of Fletcher Building stock traded on the Australian Securities Exchange (ASX) had inspired a 4.61% bounce to $3.18.“There was a line of 10.5 million shares crossed in Fletcher Building in Australia."He...

More Markets

ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Trade Window looks to boost profile with ASX listing
Markets

Trade Window looks to boost profile with ASX listing

Trade Window is moving to broaden its investor base with a secondary listing in Australia.The Auckland-based trade software firm said on Monday that with its secondary listing, it was pursuing "the goal of increasing its profile among the broad pool of investors across the Tasman...

Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.