MARKET CLOSE: NZ shares edge higher on growing hopes for US-China trade

MARKET CLOSE: NZ shares edge higher on growing hopes for US-China trade
Paul McBeth
New Zealand shares edged higher as growing optimism for a US-China trade deal helped buoy investor sentiment across most of Asia. Auckland International Airport and the Fonterra Shareholders' Fund led the market higher.  The S&P/NZX 50 Index increased 5.11 points, or 0.05 percent, to 10,793.75. Within the index, 20 stocks rose, 26 fell, and four were unchanged. Turnover was $140.7 million.  Stocks across Asia were broadly stronger, following Wall Street higher, as optimism that the US and China may end their protracted trade war stoked in...

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