MARKETWEEK:   Equity markets have a strong start to 2023

Auckland Airport //  Warren Head // With inflation seemingly peaking in the latest data, and a possibly flatter trajectory for the Official Cash Rate, it was a solid week for equities. The New...

Regional confidence takes a dive

Auckland has lost its mojo, says confidence survey   24.1.23 9.36am The December quarter Westpac McDermott Miller Regional Economic Confidence Survey showed a widespread slide in confidence,...

MARKETWEEK:     Market stability backdrop to political bombshell

Jacinda Ardern was a valiant leader who toiled hard for New Zealand in testing times  //   21.1.23  // Warren Head  // Over the years, Headliner has assessed political eras in economic and...

Bankers post div increase in turbulent times

19.1.23 9.00amNZT This past year has been one of the most turbulent in recent history, Simon Miller, the chairman of Bankers Investment Trust plc says in the annual results released in London last...

TradeWindow making capital raising

17.1.22 9.30am Trade Window Holdings aims to raise up to NZ$20 million via a non-underwritten capital raising to drive growth, scale and profitability. The offer price is 45 cents per share, a 10%...

MARKETWEEK:  Strong fortnight for a defiant market

Wall Street market has good start to 2023 // Warren Head   The New Zealand market has completed two weeks of gains – but no-one is talking about a summer rally. I’d say it was more an act of...

Commodity prices generally weakening

Aluminium prices prop commodity trade. Photo - NZAS smelter at Tiwai Pt, Bluff. 11.1.23 “The ANZ World Commodity Price Index fell just 0.1% in December, as higher aluminium and dairy prices helped...

AFT Pharma looks to sales growth

AFT Pharmaceuticals Dr Hartley Atkinson 9.1.22 (9.20am) AFT Pharmaceuticals is looking to continue and build upon the significant progress made during 2022 the company says in a New Year letter to...

MARKETWEEK: Market negotiates a soggy week

    Warren Head   // At the end of a wild and very wet week for much of the country, with state highways saturated with vehicles as thousands headed homeward, the slightly weak close for...

MARKETWEEK:     Few stocks make the honours board for 2022  

Channel Infrastructure shares claim best gain of the year 31.12.22   Warren Head The New Zealand sharemarket of 2022 has shaken things up a bit for the many thousands of new investors who rode...

The Latest

ASX lifts into the weekend

The Australian sharemarket closed higher recording 4 weeks of consecutive gains and also reached 9 month highs, reports CommSec The ASX 200 lifted by 25.5 pts or 0.34 per cent to 7493.8 with eight (of 11) sectors gaining ground. Miners gave up early gains to close...

NZX Market Report 27.1.23

  The NZ sharemarket continued to make steady upwards progress today, heading into a long weekend for Auckland Anniversary Day.  The NZX50 rose 12.59 points to 12,036.05.  Overnight, the Dow Jones continued its winning streak, rising 205.57 to 33,949.41 as hopes...

Business confidence bounces

27.1.23 Business confidence bounced 18 points in January in the latest ANZ business confidence survey Expected own activity also bounced, up 10 points to -16. “Business people appear to have come back from holiday in slightly better spirits” said Chief Economist...

US economic date to the fore

US equities, rates and the USD are all modestly higher, supported by a headline GDP print that was above expectations and initial jobless claims pointing to a robust labour market, says BNZ Markets. Domestic rates added to their post-CPI rally as the market pares back...

NZX Market Report 26.1.23

The equity market steadily moved upwards again today, cracking the 12,000 level on the NZX50 with a rise of 28.95 to 12,023.46. Overnight, the Dow Jones added 9.88 to 33,743.84. EBOS led the declines, with a 52c drop to %45.08 but after a strong run-up over $45 in...

‘Wettest half ever” says Mercury NZ

26.1.23 9.35am Mercury NZ’s latest quarterly operational update for the December 2022 quarter notes that it was the “wettest first half ever” for the energy gentailer. The company also notes Electricity spot prices collapsed during Q2, but Futures Prices are at or...

Kiwi dollar eases and AUD adds

The NZ dollar pushed a touch lower overnight extending yesterday’s mild underperformance. BNZ Markets’ senior market strategist Jason Wong commented, “NZD took a look at 0.6450 and opens this morning around 0.6470. AUD added more than 1% after the AU CPI, but gave up...

Aussie market snaps winning streak

The Australian sharemarket’s five-day winning streak (longest in six months) came to an abrupt end due to hotter than expected inflation, with the ASX 200 slipping by 22.1 pts or 0.3 per cent to 7468.3. It was a tentative start to trade, with the market running on the...

NZX Market Report 25.1.23

A relatively quiet day for the NZ sharemarket with an overall gain of 61.59 points on the NZX50 index to 11,994.51 driven by firming energy shares as a sector insulated from any recessionary fall-out. LIC released a half year result showing increased revenue but lower...

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