NZX upgrades guidance and adds new issuers

NZX upgrades guidance and adds new issuers
Dan Brunskill
Stock exchange operator NZX said it expects 2020 operating earnings to land at about $33.5 million, the high end of its guidance range, as the covid-crisis has driven demand in public markets.The pandemic-era economic environment had highlighted the value of the public markets as companies sought capital to shore up balance sheets and fuel growth, the company said in a statement.The firm's 2019 operating earnings were up 9.8 percent at $31.4 million. This new forecast would put growth for the calendar year at a slower rate of 6.7 percent.Ho...

More Markets

Jamming out of earnings season ...
Markets

Simon Robertson: Jamming out of earnings season ...

Investing is actually pretty easy: try not to lose money, and compound your capital.

NZ sharemarket prepares for reporting season
Markets Market Close

NZ sharemarket prepares for reporting season

Week ends down 0.45% after Warehouse announcement. 

Graham Skellern 17 May 2024
Sharemarket has biggest single-day rise in seven months
Markets Market close

Sharemarket has biggest single-day rise in seven months

The S&P/NZX 50 Index closed at 11,728.06, up 202.18 points or 1.75%.

Graham Skellern 16 May 2024