More share trading on market
The value of cash trading on NZX rose 22 percent to $4.36 billion in May for an average daily value of $208 million. And the volume of trading more than doubled to 1.04 million.The majority of that activity was in equities, with $4.22 billion, and importantly for the stock market...
CareSaver invests in medicinal cannabis, Sharesies
Pathfinder Asset Management’s ethical KiwiSaver plan, CareSaver, has taken stakes in medicinal cannabis company Rua BioScience and online investment platform Sharesies, investing $420,000 and $460,000 respectively.Head of investment Paul Brownsey said the stakes are the scheme’s...
Former BNZ head of financial advice goes independent
Donna Nicolof, who served as BNZ’s head of advisory for six years, has founded a commission-free financial advice firm, Paua, as an alternative to an industry mired in conflicts of interest.“The model that we are setting up is one that we believe is going to be the future of how...
NZ consumer spending to shrink 1.5% - Fitch
Fitch Solutions said it now expects consumer spending in New Zealand in 2020 will contract by 1.5 percent year-on-year.That's compared with its pre-covid-19 forecast of growth of 2.8 percent for 2020 and follows 3 percent growth in real household spending in 2019."Consumer be...
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