
Sharemarket calm after undecided election – Market close
New Zealand's dollar, still at a low level, rose slightly against the American greenback.
Stories and analysis from The Northern Express Herald.
Disappointing macro-economic data 'hasn’t had a massive impact' on shares, analyst says.
Strong primary production helped the NZX stage a rebound in the afternoon to finish flat.
Business confidence is at its highest in 11 years.
The NZX rose 0.2% ahead of some key results and trading updates in the next fortnight.
The S&P/NZX 50 Index closed at 13,556.3, up up 7.98 points or 0.06%.
a2 Milk dropped 2.77% to $10.19, contributing to market decline.
The US won’t be the only investment destination in town as it has been.
Fisher Funds is diversifying its portfolio amid market volatility.
The Government plans to ease rules for KiwiSaver investments in unlisted assets.
Ebos Group fell 6.38% to $36.10 after a $217m institutional placement.
Mainfreight rebounded $4.84 or 8.57% to $61.34, reaching a high of $62.50.
The NZX slides despite some rate relief.
Blue-chip stocks like Fisher and Paykel Healthcare rebounded by 10c to $33.55.
The NZX 50 Index plummeted 3.68% to 11,775.88, its worst drop since March 2020.
The S&P/NZX 50 closed at 12,225.28, down 113.29 points or 0.92%.
The S&P/NZX 50 Index recovered to close at 12,338.57, up 0.15%.
Reaction to policies will be visible on the NZX as it opens before other exchanges.
The S&P/NZX 50 Index closed at 12,312.6, up 42.6 points or 0.35%.
Airport's share prices rises as its weighting on S&P index increases.
The company has not announced the contract but is advertising a new analyst role.
The NZ sharemarket closed down 28.39 points or 0.23%.
S&P/NZX 50 enjoys biggest single-day rise in four months.
NZ market follows lead of the US.
A strong farm gate milk price and dividend has boosted the fund.
But the S&P/NZX 50 index remained down 1.25% for the week.
Channel Infrastructure counters positive GDP bump.
GDP data out tomorrow will reveal if NZ is out of recession.
Fisher and Paykel Healthcare fell nearly 2% on heavy trading.
A2 Milk soars, Smartpay surges amid takeover bids, NZ stocks dip.
The latest on the markets.
The sell-down in the US markets continued.