MARKET CLOSE: NZ shares rebound; Kathmandu rises after bookbuild
New Zealand shares rose after two days of decline, amid a volatile international market. Outdoor retailer Kathmandu helped move the market higher. The S&P/NZX50 50 Index increased 71.61 points, or 0.7 percent, to 10,892.82. Within the index, 33 stocks rose, 13 fell, and four ...
MARKET CLOSE: Investor demand continues for yield stocks
By Victoria Young Oct. 1 (BusinessDesk) - NZ shares followed international markets higher as the low-interest-rate environment continues to see investor demand for yield stocks. The S&P/NZX 50 Index rose 71.37 points, or 0.65 percent, to 10,996.99. Within the index, 24 sto...
StretchSense sold to mystery Kiwi owners
By Victoria Young Oct. 1 (BusinessDesk) - Futuristic textile company StretchSense has been sold to a new Kiwi owner, the firm’s administrators say. In July the shareholders of the company, which makes the futuristic ZoZo suit, appointed Baker Tilly Staples Rodway’s Tony Ma...
MARKET CLOSE: Firm start to the week as A2 drives NZ shares higher
By Victoria Young Sept. 30 (BusinessDesk) - New Zealand shares edged higher today led by A2 Milk, while retirement village stocks were among the day’s gainers. The S&P/NZX50 Index increased 89.12 points, or 0.8 percent, to 10,925.62. Within the index, 41 stocks rose, 8 fe...
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