MARKET CLOSE: NZ shares edge higher; A2 recovers some ground lost on China fears

MARKET CLOSE: NZ shares edge higher; A2 recovers some ground lost on China fears
Paul McBeth
By Paul McBeth June 5 (BusinessDesk) - New Zealand shares edged higher, lagging behind Wall Street's gains on the prospect of lower interest rates. A2 Milk recovered some of yesterday's sell-off as investors tried to gauge China's plan to boost domestic infant formula production.  The S&P/NZX 50 Index increased 4.13 points, or 0.04 percent, to 9,956.06. Within the index, 21 stocks rose, 20 fell, and nine were unchanged. Turnover was $132.3 million.  Stocks across Asia were upbeat, following the lead of the S&P 500 Index, which climbed...

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