NZ sharemarket takes a breather despite strong performance from Hallenstein Glasson

NZ sharemarket takes a breather despite strong performance from Hallenstein Glasson
(Image: Getty)
Graham Skellern
Hallenstein Glasson shone bright with a solid first-half performance but the New Zealand sharemarket took a breather after a strong rally this week.The S&P/NZX 50 Index traded in a narrow range of 11,870.4 and 11,933.17 before closing at 11,884.5, down 48.66 points or 0.41%. The index finished the week with a gain of 2.6% and the first quarter was ahead by 3.7%. Its Australian counterpart S&P/ASX 200 Index looks like finishing the quarter with a gain of 2.7%, after being up 0.79% to 7178.6 points at 5.45pm NZ time.On the local mark...

More Markets

Sanford profit surges 224% as debt falls and aquaculture lifts earnings
Markets

Sanford profit surges 224% as debt falls and aquaculture lifts earnings

Better cash flow and lower debt helped drive seafood company Sanford’s net profit up by 223.8% to $63.7 million in the September year.Revenue was steady at $584.1m, and Sanford’s earnings before interest and tax came to $102.1m, up 88%.Managing director David Mair said it was an...

Serko swells in India, GetThere adds $8.8m revenue
Markets

Serko swells in India, GetThere adds $8.8m revenue

CEO says result is strongest ever as shares soar more than 8% in early trading.

Fletcher Residential worth $850m ‘on a good day’
Infrastructure

Fletcher Residential worth $850m ‘on a good day’

Shareholders have been clear no asset sales should be on the cheap.

Eye on Central Otago as new West African gold belt
Markets

Eye on Central Otago as new West African gold belt

KO Gold sees similarities between Africa’s Berimian Greenstone region and Central Otago.