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NZ Market Report 4.12.23
There was an odd imbalance on NZX today with the two ends of the see-saw cancelling each other out in the end. The NZX50 gained a mere 0.30 points at 11,367.81. The weekend rally on Wall Street (where the Dow was up 294 points to 36,245.50 after one of the best weeks...
Rua Bioscience supply contract on notice
Rua Bioscience has advised that Cann Group has given 12 months’ notice that it is terminating its existing supply contract with Rua Bioscience. In response to Cann’s decision, Rua Bioscience has engaged legal advice to consider options. Rua says in its NZX statement...
Turners cracks the indices
S&P Dow Jones Indices have confirmed that Turners Automotive Group (NZX/ASX: TRA) will be added to the NZX 50 Portfolio Index and MidCap Index prior to the opening of trading on December 18. Chairman Grant Baker said “this is a major milestone for the...
Tower announces strategic review
4.12.23 Insurer Tower Limited advised this morning that it is undertaking a strategic review of its ownership structure. The purpose of the review – which is supported by 20% shareholder Bain Capital – is to explore options to maximise value for all Tower shareholders...
NZ dollar goes back upstairs
4.12.23 The US dollar moved higher initially on Friday night and remained near the highs until a speech by US Federal reserve chairman Jerome Powell’s, notes BNZ Markets this morning. The dollar index then reversed swiftly in line with lower treasury yields. The euro...
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...
Market Trends
NZ Market Report 4.12.23
There was an odd imbalance on NZX today with the two ends of the see-saw cancelling each other out...
NZ Market Report 1.12.23
Christmas month has arrived and there is clearly a more positive vibe running – albeit nothing so...
NZ Market report 30.11.23
Evident optimism in the equities market at the RBNZ’s decision not to increase the OCR at...
NZ Market Report 29.11.23
Several heavyweight stocks climbed on the NZ sharemarket today as the Reserve Bank released...
NZX Market Report 28.11.23
EBOS Group moved strongly higher today with as 64c rise to $35.63,...
Market Report 27.11.23
The opening session of the new week was slow. Investors and the public are still absorbing...

Overseas Sharemarkets
KIwi dollar reverses after spike
Aided by a stronger USD overnight, the NZ dollar has reversed yesterday’s post-MPS rally, after...
Policy -on-hold mood thickens
The NZD has pushed up to fresh highs, approaching 0.6150, says BNZ Markets this morning. Senior...
NZ dollar steadily rises
27.11.23 It was a subdued end to the trading week across global markets in the absence of...
NZ dollar goes back upstairs
4.12.23 The US dollar moved higher initially on Friday night and remained near the highs until a...
US dollar makes good gains
Global bonds are higher in yield while the US dollar advanced, says BNZ Markets this...
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...
NZ Market Report 29.11.23
Several heavyweight stocks climbed on the NZ sharemarket today as the Reserve Bank released...
Policy -on-hold mood thickens
The NZD has pushed up to fresh highs, approaching 0.6150, says BNZ Markets this morning. Senior...
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