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ON THE MONEY: Sam Stubbs, Eric Watson, IBM, Tamarind and more
Victoria Young |
Sat, 24 Oct 2020
OTM this week: Sam Stubbs, Damien Grant, Damien Smith, IBM, and what are the Greens up to?
MARKET CLOSE: Shares end muted week with small rise
Dan Brunskill |
Fri, 23 Oct 2020
New Zealand's main share index rose half a percent today, closing out a week of muted trading.Markets across the globe have failed to gain traction as US stimulus negotiations floundered in the run up to the presidential election.The S&P/NZX 50 Index rose 63.05 points, or 0.5...
MARKET CLOSE: Shares decline as global headwinds endure
Dan Brunskill |
Thu, 22 Oct 2020
New Zealand shares edged lower as global investor sentiment weakened.The S&P/NZX 50 Index fell 25.32 points, or 0.2 percent, to 12,407.29. Within the index, 21 stocks fell, 19 rose, and 10 were unchanged. Turnover was $168.6 million.The decline came despite some encouraging updat...
MARKET CLOSE: Stimulus hopes push kiwi up, but shares fall
Dan Brunskill |
Wed, 21 Oct 2020
Renewed hopes of US fiscal stimulus policy spur a rally.
NZX and EEX to provide emissions auctions for NZ government
Rebecca Howard |
Wed, 21 Oct 2020
Auctioning in the NZ Emissions Trade Scheme moves one step closer.
MARKET CLOSE: Kiwi dollar hits three month high against Aussie
Dan Brunskill |
Tue, 20 Oct 2020
The New Zealand dollar rose to a three-month high against its Australian counterpart as the gap between monetary policy settings in the two countries looks set to close.The kiwi dollar was trading at 93.41 Australian cents at 5pm in Auckland, up from 93.30 yesterday and at its hi...
MARKET CLOSE: Markets unrattled by election, electricity sector falls
Dan Brunskill |
Mon, 19 Oct 2020
New Zealand markets were steady with investors relaxed after the Labour Party secured a historic majority in Saturday’s general election. The electricity sector led a modest decline in the share market.The S&P/NZX 50 Index eased 47.9 points, or 0.4 percent, to 12,385.25. Turnover...
MARKET CLOSE: Power rally pauses ahead of election
Paul McBeth |
Fri, 16 Oct 2020
Contact Energy and Meridian Energy shares today ended their long rally. The power companies led the local stock market lower in heavy trading as investors cashed in recent gains ahead of tomorrow’s election.The companies – with their significant South Island generation - have bee...
MARKET CLOSE: Equity rally stalls as caution returns
Dan Brunskill |
Thu, 15 Oct 2020
New Zealand shares snapped an 11-day streak of gains as investors took some risk off the table due to fading hopes for fiscal stimulus in the United States and growing covid-19 infections in Europe. The S&P/NZX 50 Index fell 56.88 points, or 0.5 percent, to 12,486.73. Within the...
MARKET CLOSE: Mainfreight leads shares higher
Dan Brunskill |
Wed, 14 Oct 2020
Global logistics firm Mainfreight led New Zealand shares higher as the index chalked up its eleventh straight day of gains. The S&P/NZX 50 Index rose 89.76 points, or 0.7 percent, to 12,543.61. Within the index, 15 stocks fell, 28 rose and seven were unchanged. Turnover was $183....