NZX50 jumps on index changes and higher confidence

NZX50 jumps on index changes and higher confidence
NZ investors were in a bullish mood today. (Image: Getty)
Graham Skellern
The New Zealand sharemarket jumped nearly one percent as business confidence reached its highest level for nearly two years, albeit still comparatively low.The S&P/NZX 50 Index had a late surge, in volumes and pricing, on end-of-month index changes and finished at 12,056.15, up 109.41 points or 0.92%. It was the index’s best close for 10 weeks and has risen 5% so far this year.There were 84 gainers and 51 decliners over the whole market, with 40.31 million shares worth $168.37m changing hands.Meridian and Mercury Energy had increased...

More Markets

NZ sharemarket boosted by energy stocks, Fletcher
Markets Market close

NZ sharemarket boosted by energy stocks, Fletcher

The S&P/NZX 50 Index closed at 11,789.39 points, up 71.95 points or 0.61%.

Rakon investor raises issues over failed bid
Markets

Rakon investor raises issues over failed bid

Minority investor Mike Daniel has raised fresh questions about a $400 million bid that was ultimately snubbed by Rakon’s board.The NZ Shareholders Association (NZSA) shares Daniel’s disappointment that millions were spent on takeover talks with nothing to show, but also offered s...

New Talisman Gold Mines halts trading
Markets

New Talisman Gold Mines halts trading

On Monday, Australian and New Zealand Exchange-listed New Talisman Gold Mines halted NZX trading.The halt follows the Australian Securities Exchange's (ASX) decision to suspend trading in New Talisman Gold Mines securities on that exchange following the release of the company...

Glenbrook to get big grid-scale battery as Contact teams up with Tesla
Markets

Glenbrook to get big grid-scale battery as Contact teams up with Tesla

Contact Energy has teamed up with electric car company Tesla to build a grid-scale 100-megawatt battery at Glenbrook at a cost of up to $163 million.The company said the battery would enhance Contact’s renewable-energy flexibility and provide enough electricity for more than two...