NZX market value crosses $200b mark in 2019

Paul McBeth
Thu, 09 Jan 2020

The stock market’s capitalisation crossed $200 billion last month as asset prices rallied in a low interest rate environment, new bonds and funds were listed, and companies already on the exchange raised new equity and debt.Total market capitalisation was $202 billion at the end of December, up 23.2 percent from a year earlier and equivalent to 67.1 percent of gross domestic product. Of that, the value of equity and funds rose 24.9 percent to $166.5 billion, and the debt market grew 15.3 percent to $35.5 billion.NZX added 11 securities in the y...
Steel & Tube shares jump 5% on break-even forecast
Dan Brunskill | Mon, 10 Aug 2020

Shares in Steel & Tube Holdings leapt more than 5 percent when the company told the market it expected to report cash positive operating earnings. The firm said it will break even for the June-year...

Primary Sector
Possible breach of code in 2013 New Image takeover
Rebecca Howard | Mon, 10 Aug 2020

A takeover of New Image Group by New Image Trustee in 2013 may have breached the Takeovers Code.

Opinion FREE
TIM HAZLEDINE: No more job subsidies, thank you
Tim Hazledine | Mon, 10 Aug 2020

The government has pulled the plug on two major job subsidy schemes.

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.