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Commodities rally lifts ASX
28.6.22 A rebound in key commodities overnight helped the Aussie market secure its fourth straight win, with the ASX 200 finishing 57.6pts or 0.86 per cent higher, to 6763.6. Materials and Energy stocks added 3.6 per cent and 3.0 per cent, respectively, and did most...
Market Report 28.6.22
NZ shares continued trading on a positive note today with the NZX50 gaining 20.70 pts at 11,018.62. Overnight, the Dow Jones had dipped 62.42 to 31,438.26. The major news of the domestic day was the clearance by the ComCom for Ampol Ltd to divest Gull NZ assets in...
Ampol sells Gull for $500m+
28.6.22 12.00pm (Updated 7.30pm) Ampol Ltd has confirmed today that the sale of its Gull business in New Zealand (Gull) to a transaction vehicle entity of Allegro Funds Pty Ltd (Allegro) has become unconditional. The transaction was subject to conditions including...
Export to Germany step for Rua Bioscience
28.6.22 Rua Bioscience has received its narcotic licence through Nimbus Health GmbH for distribution and marketing of its first product for the German medicinal cannabis market . An application to extend the narcotics license of Nimbus Health GmbH to include Rua’s...
Kiwifruit harvest 2022 in the bin
The 2022 harvest of New Zealand’s largest horticultural produce, kiwifruit, is now largely complete with almost all 2,800 growers’ orchards from Kerikeri in the north to Motueka in the south picked for consumers. The 2022 season was expected to have a record-breaking...
Kiwi eases and rates reverse course
It has been a quiet start to the week with little newsflow to perturb the market, notes BNZ Markets this morning. Global rates markets have reversed course after last week’s strong rally, seeing yields much higher across Europe and the US, says Jason Wong, senior...
Market Report 27.6.22
Saturday’s surge on New York market – in expectation that interest rates will not be increased to the extent feared – spilled over to the NZ market this morning. The NZX50 was to close 184 points higher at 10,997.92. A handful of declining stocks didn’t amount to...
Support for Me Today issue
27.6.22 Me Today has raised approximately $6.74m from the rights issue which closed on Thursday 23 June. The funds were raised from largest shareholder MTL Securities Limited ($4.2m) together with $2.5m from over 300 existing shareholders. The raise was also well...
NZO backing Cue Energy plans
New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has entered into a $7 million, two year unsecured loan agreement with New Zealand Oil & Gas. This agreement was executed in order to support Cue’s existing exploration and development activities...
Less worry about hard landing
27.6.22 Risk sentiment improved at the end of last week, with evidently less concern about inflation or a possible hard landing for the US economy, comments Jason Wong at BNZ Markets. The S&P500 surged over 3% on Friday, adding to gains seen earlier in the week....
Market Trends
Market Report 28.6.22
NZ shares continued trading on a positive note today with the NZX50 gaining 20.70 pts at...
Market Report 27.6.22
Saturday’s surge on New York market – in expectation that interest rates will not be increased to...
Market report 22.6.22
The NZ sharemarket has closed the shortened Matariki holiday week with another sound...
Market report 22.6.22
The NZ sharemarket showed a lack of confidence today after the week so far has produced a...
Market report 21.6.22
With no trading on Wall Street due to a national holiday there was little external...
Market report 20.6.22
After the fireworks of last week, the week’s trading opened cautiously today as investors...
Overseas Sharemarkets
MARKETWEEK: Brighter stars for equities this week
The stars of Matariki (Courtesy NASA) 26.6.22 // Warren Head // The big economic questions of the...
Quieter week ahead after a wild ride
20.6.22 On Friday, net changes in equities and rates were modest by recent standards, but this...
Flurry of market moves – equities slide
17.6.22 There have been some chunky moves in financial markets, in the aftermath of the...
Kiwi eases and rates reverse course
It has been a quiet start to the week with little newsflow to perturb the market, notes BNZ...
Less worry about hard landing
27.6.22 Risk sentiment improved at the end of last week, with evidently less concern about...
Risk appetite wanes on markets
The AUD and NZD have been the weakest performers over the past 24 hours. NZD has recovered to just...
Risk appetite extends on markets
22.6.22 Newsflow has remained light but the positive start to the week for risk appetite has...
Consumer confidence hits record lows
Kiwis react to finding their budgets squeezed 21.6.22 (9.02am) There isn’t any cheer for the...
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