MARKET CLOSE: NZ shares flat as tech rally balances covid fears
By Dan Brunskill | Thu, 13 Aug 2020
New Zealand shares edged higher as gains in local software companies spurred on by Wall Street's tech rally just offset the general malaise of the latest covid-19 lockdown. The S&P/NZX 50 Index ro...
Capital raising and retail trading boosts NZX profit
By Dan Brunskill | Thu, 13 Aug 2020
A surge of new investors and a string of new capital raisings during New Zealand's extended covid-19 lockdown helped lift NZX’s first-half profit by 41 percent. Total operating earnings for the hal...
MARKET OPEN: New covid-19 outbreak still a worry
By Rebecca Howard | Thu, 13 Aug 2020
Investors will be cheered by a better night on Wall Street but local developments remain at the fore as the country grapples with a new community outbreak of covid-19. New Zealand has four positive...
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
By Dan Brunskill | Wed, 12 Aug 2020
Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...
MARKET OPEN: Lockdown weighs on NZ dollar, sentiment
By Rebecca Howard | Wed, 12 Aug 2020
The New Zealand dollar is weaker and domestic traders will be jittery after new NZ lockdown restrictions were imposed after four cases of covid-19 were detected outside of quarantine. Prime Minist...
MARKET CLOSE: NZ shares fall as investors look for bargains
By Dan Brunskill | Tue, 11 Aug 2020
New Zealand shares fell as investors rotated out of the best-performing stocks such as Fisher & Paykel Healthcare, and into some of the cheaper, beat-up firms including Air New Zealand, on the prospec...
MARKET OPEN: China-US tensions and RBNZ on investors' radar
By Rebecca Howard | Tue, 11 Aug 2020
A mixed night on Wall Street won’t spur much local buying as investors await the Reserve Bank’s rate decision and commentary tomorrow and also keep one eye on US-China tensions. China has placed sa...
MARKET CLOSE: NZ shares rise in step with ASX
By Dan Brunskill | Mon, 10 Aug 2020
Shares in New Zealand’s benchmark index were buoyed by strength in the Australian market and an as-expected earnings report from Contact Energy. The S&P/NZX 50 closed up 0.3 percent, or 36.76 point...
MARKET OPEN: Kiwi under pressure, corporate earnings in focus
By Rebecca Howard | Mon, 10 Aug 2020
The New Zealand dollar is weaker after a solid US jobs report but attention will now shift to local corporate earnings ahead of the Reserve Bank of New Zealand’s rate decision this week. The kiwi w...