The Latest
NZ Market Report 2.6.23
The national sharemarket finished the week prior to the KB Weekend down 35.23 points to 11,880.90 after a tug-o-war between several leading NZX10 issues falling back and the energy sector moving higher. Overnight, the Dow Jones moved 153 points upwards to 33,061 as...
Cannasouth closes offer
30.5.23 Cannasouth has closed its offer to Cannasouth shareholders and to shareholders of Eqalis Group New Zealand. The offers closed on 24 May 2023 with approximately 24,751,456 new shares (together with 12,375,624 options) being taken up by eligible investors,...
Synlait refocussing, plans divestments
2.6.23 Synlait Milk says it needs to re-focus on its best opportunities and as s result intends to divest its Dairyworks and Talbot Forest Cheese businesses. Synlait's board and management are undertaking a strategy and capital structure refresh, including an asset...
Taranaki well full repaired
New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has advised that MN1 oil production well in the Maari/Manaia field, located offshore New Zealand, has successfully been repaired. The well is now operational again, with the latest test data...
Markets make postive start to June
The new month has begun on a positive note, with the US House passing the debt ceiling bill and some market-friendly data supporting a lift in global equity markets and lower global rates, notes BNZ Markets this morning. With the lift in risk sentiment, the USD is...
Second half a hard push for Michael Hill
1.6.23 Michael Hill lodged a trading update to the market stating that trade has been more challenging for the jewellery industry in the second half, particularly in Australia and New Zealand. New Zealand has also been impacted by significant weather events and...
NZ Market Report 1.6.23
The NZ sharemarket improved sharply today, eventually closing 103.12 points higher at 11,916.13 on the NZX50. This was despite some falls by market leaders, ANZ Bank shedding 36c at $24.70 and EBOS down 23c to $41.85. Gentrack surrendered 22c of recent gains...
Fresh lows for NZ dollar and AUD
1.6.23 The global bond market has been well supported after a run of weaker economic data while global equity markets are weaker, says BNZ Markets. “CNY, NZD and AUD all hit fresh lows for the year and commodity prices are weaker after softer than expected China PMI...
NZ Market Report 31.5.23
On a relatively quieter news flow day, the NZ sharemarket slipped a further 65.70 points at 11,813.01. Falls were headed by a 107c drop by F&P Healthcare shares to $23.25 as the market seeks to find a platform to accommodate the normalisation of post-pandemic peak...
Trim milk price from Synlait
31.5.23 Synlait Milk has reduced its forecast base milk price for the 2022/2023 season to $8.20/kgMS from $8.30/kgMS. The reduction was driven by weaker than expected commodity prices nearing the end of the season, along with the continued high cost of lactose...
Market Trends
NZ Market Report 2.6.23
The national sharemarket finished the week prior to the KB Weekend down 35.23 points to 11,880.90...
NZ Market Report 1.6.23
The NZ sharemarket improved sharply today, eventually closing 103.12 points higher at...
NZ Market Report 31.5.23
On a relatively quieter news flow day, the NZ sharemarket slipped a further 65.70 points at...
NZ Market Report 30.5.23
The national sharemarket lost ground today, with little direction from a lengthy list of...
NZ Market Report 29.5.23
The NZ shzremarket opened the trading week with a flourish as several small caps reported...
NZ Market Report 26.5.23
The national sharemarket closed on a negative note as the March crop of annual results...

Overseas Sharemarkets
Markets make postive start to June
The new month has begun on a positive note, with the US House passing the debt ceiling bill and...
Weaker yuan helps trim Kiwi
In the first full trading day after the weekend agreement on the debt ceiling, US Treasury yields...
Markets quiet with UK and US on holiday
30.5.23 Markets are quiet with the US and UK on holiday, notes BNZ Markets this morning. Initial...
Markets make postive start to June
The new month has begun on a positive note, with the US House passing the debt ceiling bill and...
Second half a hard push for Michael Hill
1.6.23 Michael Hill lodged a trading update to the market stating that trade has been more...
MARKETWEEK : Earnings results rolling off the pandemic peak
Warren Head //.27.5.23 // The market overall is beginning to adjust to some critical...
US dollar rally in fourth day
26.5.23 The US dollar continues to be well supported, dragging the NZD and AUD down to fresh lows...
Kiwi dollar drops on dovish RBNZ outlook
25.5.23 Risk appetite weakened overnight on a number of concerns, notes BNZ Markets. Weaker risk...
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