MARKET CLOSE: Shares rise, dollar hits 14-month high

MARKET CLOSE: Shares rise, dollar hits 14-month high
Dan Brunskill
The benchmark index halted a two-day decline as upbeat economic data in key markets helped prop up investor sentiment regarding global recovery. The New Zealand dollar climbed to a 14-month high. The S&P/NZX 50 Index rose 109.82 points, 0.9 percent, to 11,902.98. Within the index, 35 stocks rose, six fell and nine were unchanged. Turnover was $205 million. Investors reversed some of the 2.5 percent loss the index incurred over the past two days after improving manufacturing data in China and the US stoked optimism about the local economy....

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NZ sharemarket down slightly
Markets Market close

NZ sharemarket down slightly

The S&P/NZX 50 Index closed at 11,800.78, down 20 points or 0.17%.

Graham Skellern 07 May 2024
IkeGPS wins $4m in US contracts for its 'industry standard' software
Markets

IkeGPS wins $4m in US contracts for its 'industry standard' software

The company is positioning its software as integral to US electrical grid design.

Staff reporters 07 May 2024
'Spectacular': Briscoe's Rod Duke rapt with 1Q sales result
Retail

'Spectacular': Briscoe's Rod Duke rapt with 1Q sales result

Unaudited group sales grew 1.03% amid tough trading conditions.

Gregor Thompson 07 May 2024
ANZ increases cash profit as net interest margins get squeezed
Economy

ANZ increases cash profit as net interest margins get squeezed

ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...

Riley Kennedy 07 May 2024