NZX 50 putters out; Infratil, F&P Healthcare drive weekly gain

NZX 50 putters out; Infratil, F&P Healthcare drive weekly gain
(Image: Getty)
Paul McBeth
New Zealand shares petered out ahead of US employment data seen as central to the Federal Reserve’s upcoming rate cuts, as Infratil and Fisher & Paykel Healthcare's lofty heights underpinned the weekly gain. The S&P/NZX 50 Index declined 63.16 points, or 0.5%, to 12,651.51, to end the week up 1.3%. Across the main board, 86 stocks fell, 50 rose, and 43 were unchanged. Turnover was $111.8 million, with eight companies trading on volumes of more than a million shares. Stock markets across Asia were mixed ahead of US no...

More Markets

ASX firm snaps up NZ loyalty business
Markets

ASX firm snaps up NZ loyalty business

Gratifii will buy Rapport Group for $500,000.

Jarden analysts lower Air NZ target price by 5%
Markets

Jarden analysts lower Air NZ target price by 5%

Their 12-month target price is now $0.57 versus $0.60.

Penno's Synlait complaint knocked back
Primary Sector

Penno's Synlait complaint knocked back

Company's founder won't be taking any further action against capital raise.

ASX: Australian shares rebound slightly after sharp sell-off
Markets

ASX: Australian shares rebound slightly after sharp sell-off

By Derek RoseThe Australian share market has put together a modest bounce, clawing back some of the previous day's sharp losses – although energy stocks continued their decline.The benchmark S&P/ASX200 index on Thursday finished up 31.9 points, or 0.4%, to 7,982.4, while the...

AAP 7:40am