NZX to issue 'meme stock' scenario alerts

NZX to issue 'meme stock' scenario alerts
The NZX is looking out for price spikes. (Image: Getty)
Victoria Young
NZX said today it would issue “trade with caution” alerts when it sees price spikes while monitoring listed companies.“NZ RegCo Surveillance has recently seen an increase in share price movements driven by retail investor momentum trading – where investors buy shares simply because they are going up. That creates the potential for a 'meme stock' trading scenario, which increases the risks of a disorderly market developing,” the stock exchange operator said in a statement.“This scenario also has the po...

More Markets

Reserve Bank casts shadow over NZ sharemarket
Markets Market close

Reserve Bank casts shadow over NZ sharemarket

After a strong start, the sharemarket dipped following the RBNZ's MPS.

Fisher & Paykel ups pre-Christmas dividend
Markets

Fisher & Paykel ups pre-Christmas dividend

And employees will get a share of $4 million.

ERoad half-year earnings reflect straighter steering
Markets

ERoad half-year earnings reflect straighter steering

Cash burn under control, strong potential in North America.

Ben Moore 11:10am
Ryman Healthcare cites ‘challenging’ housing market in 4pc net profit drop
Markets

Ryman Healthcare cites ‘challenging’ housing market in 4pc net profit drop

New Zealand’s largest listed retirement company cited the “challenging” housing market in declaring net profit down 4% and downgrading its profit outlook.Ryman Healthcare’s reported net profit after tax fell 4% from $193 million a year ago to $186.7m for the six months to Sept 30...