NZ sharemarket starts the week on a positive note

NZ sharemarket starts the week on a positive note
Positive trade data was one piece of news for investor to digest today. (Image: Unsplashed)
Graham Skellern
The New Zealand sharemarket began the week with a rise of more than half a percent, with the gains widely spread across the main board amongst the big and small-cap stocks.The S&P/NZX 50 Index went as low as 11,906.98 in the morning but recovered well to break through the 12,000 mark and closed 77.79 points or 0.65% up at 12,018.23. The index is now up 4.7% for the year.As investors hung back for next month’s reporting season, trading was again light, with 24.07 million shares worth $80.45m changing hands. There were 94 gainers a...

More Markets

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...

Fletcher provides NZICC updates, hands over Horizon Hotel to SkyCity
Infrastructure

Fletcher provides NZICC updates, hands over Horizon Hotel to SkyCity

Fletcher Building has settled remaining contract works insurance claims with the New Zealand International Convention Centre project insurers.Also known as builders' insurance, contract works insurance (CWI) covers construction that is underway.In February, Fletcher determine...

How NZ will benefit from global PE giants in Australia
Markets

How NZ will benefit from global PE giants in Australia

New offices and deals in Australia are good news for NZ, M&A expert says.

NZ sharemarket falls 1% ahead of long weekend
Markets Market close

NZ sharemarket falls 1% ahead of long weekend

The S&P/NZX 50 Index closed at 11,717.43, down 117.58 points or 0.99%.

Graham Skellern 27 Jun 2024