MARKET CLOSE: New Zealand shares joins Asia rally; Air NZ plummets

MARKET CLOSE: New Zealand shares joins Asia rally; Air NZ plummets
Dan Brunskill
New Zealand shares joined a rally across Asia, clawing back some of the week’s losses, despite Air New Zealand tumbling by a third after coming off a trading halt.The S&P/NZX50 rose 87.91 points, or 1 percent, to 9,201.64. Within the index, 27 stocks rose, 20 fell and 3 were unchanged. Turnover was almost double the average at $482.7 million with an extended adjustment session to accommodate the last trading day before the FTSE Russell's quarterly index review.Chris Smith, general manager at CMC Markets New Zealand, said US equity markets r...

More Markets

Infratil's CDC investment cracks $5 billion mark
Markets

Infratil's CDC investment cracks $5 billion mark

Surging datacentre demand and expanded development plans benefit Infratil.

Aussie shares rise for first time in new financial year
Markets

Aussie shares rise for first time in new financial year

The ASX200 finished up 0.3% after better-than-expected domestic retail sales data.

AAP 7:45am
Soft tissue repair company Aroa could unlock $1.6b market
Markets

Soft tissue repair company Aroa could unlock $1.6b market

A transformational year is predicted for Aroa with potential for maiden profit.

Pūkaki mega-lake never seriously considered
Markets

Pūkaki mega-lake never seriously considered

Officials' idea for a giant lake would have cost billions and had serious impacts.