MARKETWEEK: Equity market is levelling up for the year

9.12.23  ///   Warren Head  /// With a mild incoming tide of optimism into Christmas the New Zealand sharemarket will finish the year moored close to the same mark as at the start of 2023. At...

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...

The Latest

SkyCity revises bottom end of guidance

8.12.SkyCity Entertainment Group having completed the first five months of trading for FY24 has trimmed added a lower end to its guidance for FY24. The casino and hotel operator now expects Group normalised EBITDA for FY24 of between $290m and $310m. This compares to...

Scales post encouraging guidance

8.12.23 Scales Corporation (NZX:SCL) have reiterated market guidance for the twelve months to 31 December 2023, of an Underlying Net Profit after Tax Attributable to Shareholders range of $14.0 million to $19.0 million. Managing Director Andy Borland notes “2023 has...

NZ Market Report 8.12.23

The NZ sharemarket marked time today with rises and falls fewer and the NZX50 closing off the week at 11,495.04. A fall of 0.97 points    EBOS did its bit by piling on 63c to reach $37.53, Westpac moved 19c higher at $23.59 and there were 15c gains made by Colonial...

Fonterra upbeat after bright quarter

7.`2.23 Fonterra Co-op reported strong earnings for the first quarter due to improved performance in all three of its sales channels. The co-operative also forecast Farmgate Milk Price midpoint for the 2023/24 season 25 cents higher at $7.50 per kgMS, with the...

Modest currency moves – oil drops

Another day, another extension of the global bond market rally, this time driven by weaker oil prices and a soft US ADP employment report being a supporting factor, says BNZ Markets this morning. European 10-year rates are down to their lowest levels since May, while...

NZ Market report 6.12.23

  The heavyweight industrials dug in today and knocked up some solid innings by nightfall on NZX. Mainfreight hit a 75 to the boundary to bring up its $70 a share target, joined by Fisher & Paykel Healthcare which out on 37c at $23.57. The middle part of the...

Global rates down, US dollar stronger

Global rates have fallen to fresh lows, following a series of bond market friendly developments, says BNZ Markets this morning The US 10-year rate is currently down 8bps to 4.17%, with even larger moves in European and Australian 10-year rates. US equities are flat...

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