NZ sharemarket starts week up 0.3% as Chorus promises results

NZ sharemarket starts week up 0.3% as Chorus promises results
There were 37.66 million share transactions worth $154.23m. (Image: Getty)
Graham Skellern
The New Zealand sharemarket started the new week on a positive note, and telecommunications network provider Chorus came out firing with a pledge to be more competitive. The S&P/NZX 50 Index climbed in the afternoon and closed at 13,114.68, up 47.76 points or 0.37% after reaching an intraday low of 13,027.79. There were 37.66 million share transactions worth $154.23m.'Under-penetrated markets'In the United States over the weekend (NZ time), the Dow Jones Industrial Average hit a fresh high and neared the 45,000 mark after...

More Markets

Employment data dominates quiet day on NZ sharemarket
Markets

Employment data dominates quiet day on NZ sharemarket

The NZ sharemarket was down with no real trend driving the change.

Sharesies founders sell down
Markets

Sharesies founders sell down

Global tech investor Rahul Mehta appears in Companies Office filings for the first time.

Fletcher’s home consenting has tanked: Macquarie
Property

Fletcher’s home consenting has tanked: Macquarie

Building giant’s land sell-off may deepen residential gloom, analysts say.