MARKET CLOSE: NZ shares rise as turnover improves; Trade Me, NZ Refining, MRP gain, Metro Glass falls
By Sophie Boot Jan. 12 (BusinessDesk) - New Zealand shares rose for the first time this year, stabilising as turnover strengthened, with Trade Me Group, New Zealand Oil Refining Co, and Mighty River Power gaining while Metro Performance Glass fell. The S&P/NZX 50 Index rose...
New Zealand stocks rise as bargain hunters emerge, local news remains scant
By Sophie Boot Jan. 12 (BusinessDesk) - New Zealand shares rose for the first time this year after a five-day slide that attracted bargain hunters in a market with little local corporate news to drive prices. At 11.15am, the S&P/NZX 50 Index was up 24.91 points, or 0.4 perc...
Buller Electricity initiates mop-up provisions for holdout shares in Pulse Energy
By Sophie Boot Jan. 12 (BusinessDesk) - Buller Electricity has sent a compulsory acquisition notice for the remaining shares in Pulse Energy, after becoming the dominant shareholder in the energy retailer following a takeover bid. The South Island lines company became the h...
MARKET CLOSE: NZ shares fall as Asian markets extend slide; Xero, Westpac, Fletcher drop
By Sophie Boot Jan. 11 (BusinessDesk) - New Zealand shares fell for the fifth consecutive session as equity markets across Asia continued to slide. Xero, Westpac Banking Corp and Fletcher Building declined while Warehouse Group gained. The S&P/NZX 50 Index dropped 55.29 poi...
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