MARKETWEEK: Equities investors focus on interims

25.11.23   //                                                                                                                  Warren Head The cometh of the Black Friday Troika failed to launch...

MARKETWEEK: Country, economy, markets, stuck on the grid

  //                          Warren Head ///                         The protracted progress to formation of a coalition government has become annoying to the business and investment community...

Soft opening quarter for Warehouse

14.11.23 The Warehouse Group has today provided a rather disappointing trading update for the 13 weeks ending 29 October (“1Q24”) that underscores a retail sector treading water. The group reported...

MARKETWEEK:  Situation stocks are showing hidden value

  ////    Warren Head  // 12.11.23 There’s life in the New Zealand sharemarket even if it’s not as we once knew it. While the politicking around the structure of the some-time-soon-so...

MARKETWEEK: Upbeat sentiment on Wall Street and Symonds

Auckland Business Chamber , 90 Symonds Street.   4.11.23 // //    Warren Head The gold medal for this week – brace yourself – goes to Wall Street for the Eureka moment when it stopped punishing...

MARKETPLACE: Cloud of uncertainty is persisting

  29.10.23 Warren Head The New Zealand market will open tomorrow in despair around the arcane vagaries of electoral law and rugby rules. Since the election the market has used the unknown...

MARKETWEEK:    Messy MMP outcome and higher rates nag market

//   21.10.23 //   Warren Head The sharemarket has not behaved in the way that was expected following a win by the National party in last weekend’s election. Investors intensely dislike uncertainty...

MARKETWEEK:    Market focus is on the Beehive

  7.10.23 Warren Head Just a week away from the General Election of 2023 – and the prospects for a workable coalition suddenly at risk – uncertainty hangs over the financial markets. National...

MARKETWEEK:  Stability back after a tortuous month

  30.9.23 //  Warren Head Better economic and business data has helped to stabilise trading on the New Zealand sharemarket although rising investment interest rates continue to tempt investors...

Cracking rebound by Hallenstein Glasson

The Australasian women’s apparel and menswear group Hallenstein Glasson has reported a resounding rebound in its FY23 result to August 1 across New Zealand and Australian store networks. Group sales...

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MARKETWEEK:  Cameo high-flier brightens the new month

    //   2.12.23 //  Warren Head Hopes for a soft landing after a volatile business year that has been fraught with inflation and political risks are now propelling an upwards flight path into December. The past week’s trading appeared mostly concentrated in...

NZ Market Report 1.12.23

Christmas month has arrived and there is clearly a more positive vibe running – albeit nothing so exciting as to be dubbed as a rally. Those days may be over for a while, and we may need to be content with simple double digit gains by the NZX Gross Index – which today...

WasteCo half has expenses impact

1.12.23 Recently listed WasteCo has reported 1H24 revenue was up 22% to $20.8m. Other income and business acquisition gains of $1.7m took total income and revenue to $22.5m (1H23: $17.2m). A net loss of $1.1m (1H23: profit of $0.4m) was due in large part to one off...

US dollar makes good gains

  Global bonds are higher in yield while the US dollar advanced, says BNZ Markets this morning. In currency markets the US Dollar made broad based gains, particularly against European currencies, says Stuart Ritson. The 0.5% increase in the Dollar index trimmed...

NZ Market report 30.11.23

  Evident optimism in the equities market at the RBNZ’s decision not to increase the OCR at this week’s MPC meeting saw equity share prices move higher overall; today. The NZX50 finished the trading session up 94.26 at 11,330.10. Overnight, the Dow Jones rose...

Genesis outlines $1.1bn energy plan

30.11.23 Genesis Energy intends to use profits from the Kupe gas field to support a $1.1 billion programme to build new renewable generation and grid scale battery storage between now and 2030. As part of a strategy reset, Gen35, investment will be made into solar,...

KIwi dollar reverses after spike

Aided by a stronger USD overnight, the NZ dollar has reversed yesterday’s post-MPS rally, after the RBNZ’s surprising forecast update which showed an increased chance of tighter policy and a higher-for-longer rate track, notes BNZ Markets. NZD/USD is trading back...

Out-performance by Blackpearl

29.11.23 Blackpearl Group's financial performance since listing on NZX has been notable, with first half of FY24 subscription revenue reaching $1.5 million – a 163% increase. And Annual recurring Revenue, ARR, soaring to $4.6 million — a 221% year-on-year increase....

No change to OCR but hawkish tone

The RBNZ left the OCR at 5.5% as expected but was more hawkish on future prospects. The RBNZ's projections signal the risk of further increases in the OCR in 2024. An easing cycle looks quite some time off., says Westpac chief economist Kelly Eckhold. The RBNZ’s...

NZ Market Report 29.11.23

  Several heavyweight stocks climbed on the NZ sharemarket today as the Reserve Bank released a no-change decision on the Official Cash Rate (though hedging its opinions on what early New Year might bring and increased resignation to an extended period of current...

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