Quiet start to NZ sharemarket's week, optimism for strong US earnings season

Quiet start to NZ sharemarket's week, optimism for strong US earnings season
(Image: Getty)
Graham Skellern
The New Zealand sharemarket had a quiet start to the week, though clothing retailer Hallenstein Glasson, a household name, continued to make strong gains.The S&P/NZX 50 Index had a sharp morning fall but recovered in the afternoon to close at 12,002.97, down 16.86 points or 0.14%. The index traded between 11,933.44 and 12,019.84.There were 73 gainers and 61 decliners on the main board, with 39.69 million shares worth $110.96 million changing hands.Jeremy Sullivan, an investment advisor with Hamilton Hindin Greene, said the latest United Sta...

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...