NZ shares up; Gentrack surges

NZ shares up; Gentrack surges
Dan Brunskill
New Zealand's main share index broke a three-day decline after US markets had modest gains overnight and as software company Gentrack jumped 20%.The S&P/NZX 50 Index rose 154 points, or 1.2%, to 13,275.76. Turnover was $220.9 million, higher than usual as investors rebalanced their portfolios at the end of the month. Australasian markets outperformed other global indices in trading on Thursday, powered in part by soaring prices for gas and coal – both key Australian exports.Banking and mining stocks rallied on the ASX, draggi...

More Markets

NZ sharemarket gains as Fletcher hands over NZICC
Markets

NZ sharemarket gains as Fletcher hands over NZICC

Market leader Fisher & Paykel Healthcare was up 25c. 

Trade Me parent company appoints Owen Wilson as director
Finance

Trade Me parent company appoints Owen Wilson as director

Wilson was CE of $A30b Australian digital-property company Rea Group Ltd.

Me Today’s $2.2m capital raise ‘exceeds expectations’
Markets

Me Today’s $2.2m capital raise ‘exceeds expectations’

The company’s two largest shareholders chipped in $1.5m.

Being AI’s bold plan: No business, still listed
Markets

Being AI’s bold plan: No business, still listed

From wannabe Google challenger to now selling off its last business to escape debt.