NZ shares and dollar rise as optimism lingers

NZ shares and dollar rise as optimism lingers
Dan Brunskill
New Zealand shares and the kiwi dollar both gained as investors remained positive that a covid-19 vaccine could soon be available.    The S&P/NZX 50 Index rose 44.75 points, or 0.4 percent, to 12,744.92. Within the index, 26 stocks fell, 15 rose and nine were unchanged. Turnover was $156.2 million.On Friday, both US covid-19 cases and the S&P 500 hit new records, investors seem less concerned with the rising case numbers now a promising vaccine has emerged. The kiwi dollar climbed to 68.77 US cents at 5pm in Wellington, u...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025