NZ stocks end firmly as outlook brightens

NZ stocks end firmly as outlook brightens
Vulcan Steel shares dropped 23c or 2.8% to $8.00. (Image: Supplied)
Jamie Gray
The New Zealand sharemarket ended strongly as investors anticipated better things to come on the back of an improved reporting season and lower interest rates.The S&P/NZX 50 Index closed 56.95 points or 0.42% higher at 13,489.15, with 35.48 million shares, worth $130.4 million trading.There were 81 gains and 56 falls on the main board.Across the Tasman, the S&P/ASX200 index was flat late in the NZ day and markets globally were subdued because of the US Thanksgiving holiday.With the September reporting season now out of the way, Harbour...

More Markets

The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...

Port of Tauranga Stella Passage project referred to fast-track process
Markets

Port of Tauranga Stella Passage project referred to fast-track process

The infrastructure minister has accepted Port of Tauranga’s request to refer the Stella Passage development resource consent application to the fast-track consenting process.The application is the same as the one lodged with the Environmental Protection Authority (EPA) in April t...