NZ shares edge higher; Infratil, Gentrack rally on index inclusions

NZ shares edge higher; Infratil, Gentrack rally on index inclusions
Across the main board, 59 stocks rose, 92 fell and 28 were unchanged. (Image: Getty)
Paul McBeth
New Zealand shares bucked the trend across Asia as they edged higher, with Gentrack and Infratil among the leaders having been added to an Australian index, meaning passive investors will have to track the local companies.The S&P/NZX 50 Index increased 6.11 points, or 0.1%, to 12,621.62. Across the main board, 59 stocks rose, 92 fell and 28 were unchanged. Turnover was $86.7 million, less than the $137m daily average traded through August.The local market outperformed many of its peers across Asia, clawing back earlier losses on fears about...

More Markets

Tony Balfour to retire from Warehouse board
Retail

Tony Balfour to retire from Warehouse board

The Warehouse Group director, Tony Balfour, will stand down after 12 years on the retailer's board.In a statement to the New Zealand Exchange (NZX) on Tuesday, the company said Balfour would not seek reelection at its annual shareholders' meeting in November.His departure...

Fisher Funds throws support behind Vista board
Markets

Fisher Funds throws support behind Vista board

Software firm's boardroom battle now pits its largest shareholders against each other.

Volatility defined last quarter for Sharesies investors
Markets

Volatility defined last quarter for Sharesies investors

The Sharesies Index revealed increasing caution from retail investors.

Much ado about shorting
Finance

Paul McBeth: Much ado about shorting

Short-selling stocks isn’t quite the blight that critics make out.