NZ sharemarket lifts as results brighten investors' mood

NZ sharemarket lifts as results brighten investors' mood
Fisher & Paykel provided guidance today. (Image: Fisher & Paykel)
Graham Skellern
Tourism Holdings shone brightly, Fisher and Paykel Healthcare had a volatile day after providing its latest guidance, and a calm New Zealand sharemarket produced a near half percent gain.After trading steadily for most of the day, the S&P/NZX 50 Index had a late surge and closed at 11,528.12, up 49.11 points or 0.43%.There were 76 gainers and 46 decliners on the main board, with 25.17 million shares worth $90.40m changing hands.Tourism Holdings was the day’s best performer, rising more than 12% on a strong annual result that benefited...

More Markets

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.