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NZ Market Report 7.12.22
A very subdued market prevailed on NZX today, eventually trimming 20.61 points off the NZXZ50 index at 11.160.99. Overnight, the Dow fell 1.03% or 3500.76 points to 33,596.34. There were few stocks in double-digit gains. Meridian Energy managed a 10c rise to...
NZ Automotive appoint new CEO
7.12.22 New Zealand Automotive Investments (NZX:NZA) has appointed Paul Millward as Chief Executive Officer. Mr Millward will join NZAI from DB Breweries Ltd (Heineken NZ) where he has enjoyed a 12-year ‘stellar’ career, most recently as Sales Director NZ since 2017....
Proceedings filed against Skycity Adelaide
7.12.22 SkyCity Entertainment Group was informed by the Australian Transaction Reports and Analysis Centre (AUSTRAC) that it intended to file civil penalty proceedings in the Federal Court of Australia today against SkyCity Adelaide Pty Ltd. SkyCity Adelaide is the...
Booster lifts fund value
7.12.22 Booster Innovation Fund has advised NZX of potential for a material valuation adjustment. Booster has been informed by one of the businesses in the Booster Innovation Fund’s investment portfolio, that a lead investor has agreed to sell a portion of its shares...
NZ dollar flattens out
7.12.22 Markets have been uneventful overnight with little newsflow, notes BNZ Markets this morning US equities are on track for a fourth consecutive daily fall, after their recent strong recovery. US Treasury yields are flat to slightly lower after yesterday’s...
Gold mines down, coal mines up
6.12.22 Following the Reserve Bank’s widely anticipated decision to raise interest rates by 25 basis points, the Australian sharemarket finished the session in negative territory, after the ASX 200 fell 0.5 per cent or 34.3 points, to 7291.3. Seven (of 11) sectors...
NZ Market Report 6.12.22
Sharemarkets softened today after US investors rekindled fears of further interest rate hikes given better-than-expected ISM services market jobs data overnight. The Dow Jones droped482.78 or -1.40% to 33,947.10. In New Zealand, the market lacked direction and...
TradeWindow deal with meat exporter
6.12.22 TradeWindow (NZX: TWL), has entered an agreement to provide digital trade solutions to Alliance Group, New Zealand’s second largest meat producer (by revenues). TradeWindow CEO AJ Smith welcomed the agreement with Alliance which reported revenues of over...
Hot running building sector
6.1.22 New Zealand’s building sector is continuing to run hot, with construction activity running at its highest level in decades, reports Westpac “That strength has been widespread across regions, with building levels particularly strong in Auckland and Wellington,”...
Goodwood completes WasteCo deal
Goodwood Capital Ltd (NZX: GWC) has completed the acquisition of WasteCo Holdings NZ Ltd and issued all shares authorised by shareholders for allotment following the special meeting of shareholders yesterday morning. The changes to the board recorded in the notice of...
Market Trends
NZ Market Report 7.12.22
A very subdued market prevailed on NZX today, eventually trimming 20.61 points off the...
NZ Market Report 6.12.22
Sharemarkets softened today after US investors rekindled fears of further interest rate...
NZ Market Report 5.12.22
The NZ sharemarket began the trading week on a positive note, against a backdrop of market...
NZ Market Report 2.12.22
The national sharemarket finished the week on a soft note, easing off by 12.71 points to...
NZ Market Report 1.12.22
Against the backdrop of a sharp rally on Wall Street, the NZ market closed 102 points higher this...
NZ Market Report 30.11.22
Strong trading highlighted the day for NZX, with the NZX50 index finishing 156.69 points higher at...
Overseas Sharemarkets
NZ dollar flattens out
7.12.22 Markets have been uneventful overnight with little newsflow, notes BNZ Markets this...
Revived USD and yuan tip Kiwi off perch
6.12.22 The new week has begun with a partial reversal of what we saw last week, with global...
Focus falls on China
1.12.22 Optimism around an eventual shift away from the zero-Covid policy in China continues to...
NZ dollar flattens out
7.12.22 Markets have been uneventful overnight with little newsflow, notes BNZ Markets this...
Hot running building sector
6.1.22 New Zealand’s building sector is continuing to run hot, with construction activity running...
Revived USD and yuan tip Kiwi off perch
6.12.22 The new week has begun with a partial reversal of what we saw last week, with global...
Kiwi dollar powers upwards
The NZ dollar continued to power higher, ending the week above the 0.64 mark for the first time in...
Greenback drops, Kiwi rises
2.12.22 The USD remains under pressure, falling further after Fed Chair Jerome Powell’s speech...
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