Freightways edges up on ASX-listing plans

(Image: Freightways)

Wed, 08 Feb 2023

Diversified logistics company Freightways' plan to dual-list on the Australian stock exchange was the biggest news to hit New Zealand’s index today as the local market chewed over the cash rate hike that came out of the Reserve Bank of Australia yesterday.The S&P/NZX 50 index rose 83 points, or 0.7%, to 12,211.96. Across the main board, 44 stocks fell and 83 rose. Turnover was $166.8 million.“With Australia now representing a more significant share of Freightways’ activities, a dual listing is expected to align with Fr...

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