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MARKETWEEK: Equities investors focus on interims

25.11.23   //                                                                                                                  Warren Head The cometh of the Black Friday Troika failed to launch...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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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NZ Market Report 4.12.23

Dec 4, 2023 | ,

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

Dec 4, 2023 |

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

Dec 4, 2023 | ,

  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

Dec 4, 2023 | ,

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

Dec 4, 2023 | , , ,

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

Dec 2, 2023 |

    //   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

Dec 1, 2023 |

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

Dec 1, 2023 |

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

Dec 1, 2023 | , ,

  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

Nov 30, 2023 | ,

  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...

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Overall, the benchmark S&P/ASX 200 index rose by 47 points or 0.7% with the broader All Ordinaries up by 47 points or 0.7%. At one stage, indexes were up by 94 points.
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