Rakon gets attention from California
WARREN HEAD A potential takeover offer being considered by a Californian family office for NZX listed electronics group Rakon Ltd is not yet a formal bid but it certainly lit up the high tech company’s share price today. Shares in Rakon soared 51.15 or 46c to trade at $1.36 with total trade over a million dollars in value. It is two years to the month since an unidentified party waved an NBIO before Rakon at around $1.70 but that process fizzled out. The proposed consideration would be...
MARKETWEEK: Gold driven by new era geo-politics
WARREN HEAD Equity investors will have spent the weekend partly pondering about the national sharemarket before motoring to the beach for a few hours in the heatwave before retreating from the thunderheads. Spare a thought for Europe and the UK currently contending with heavy winter conditions. It’s hardly an ideal month to mount an invasion of Greenland. Eisenhower (another Republican president) would wait until June but he would never militarily force an ownership change upon the...
Headliner NZX Market Report 9.1.26
The national sharemarket has ended the week in holiday mode, dropping 20.61 points at 13,696.25 on the NZX50 Gross Index. Decliners were a larger grouping - Gentrack dropped 30c to $8.40, a fall of -3.56%. Fisher & Paykel Healthcare, a dominant stock on NZX, peeled off 46c at $38.44. Mainfreight motored in reverse by 18c to $68.02, and both ASX/NZX dual listed Aussie banks dropped 18c, ANZ to $41.27 and Westpac to $44.16. Infratil fell 17c to $11.26. The gainers were a smaller group today,...
Manuka Resources retracts update
9.1.26 The global price of gold may be tracking higher again this month but recently listed Manuka Resources has been restricted by ASX rules from upgrading its financial forecasts based on metal prices. On 7 January 2026 Manuka released a presentation titled On Track to Commence Gold and Silver Production Q2 2026. The company advised NZX this morning that Slide 17 of the Presentation contained updated forecast financial information relating to the company’s Production Plan, which was...
Headliner NZX Market Report 8.1.25
The NZX market marked time today as the holiday mood caught up with the investment scene. There was little to nothing in the way of newsflow today. Maybe it’s the ASB Classic tennis or the final day of the final test in the 2025-26 Ashes cricket test series in Australia but business is slow. Reflecting the news void the NZX50 added jut 1.84 points today at 13,716.86. There was a flurry of sorts in the energy stocks with Contact Energy rising 7c to $9.30 and Meridian Energy up 9c at...
Central Otago tops rent ladder
8.1.25 Central Otago Lakes District is the most expensive place to rent in New Zealand, by more than $200, reveals the latest data from realestate.co.nz. The region’s average rental price hit an all-time high of $891 per week in December 2025, 11.8% more than in December 2024, making the region over $200 more expensive to rent than anywhere else in the country, including Auckland. The national average rental price in December 2025 was $626/week. Central North Island recorded the next...
Headliner NZX Market Report 7.1.26
The New Zealand has had another lively trading session even though lean on corporate news. The NZX50 Gross Index rose a further 51.44 points to land at 13,715.02. Third Age Health dropped 19c to $4.86, Colonial Motor 12c to $8.68 as did Infratil at $11.61, while and there was an 11c fall for Contact Energy at $9.23. F&P Healthcare was dominant today, surging $1.18 higher to $39.00 increasing the possibility of a $40 share price by the weekend. Sanford added 20c to $7.71 pushing its 52 week...
Headliner NZX Market Report 6.1.25
The NZ sharemarket sustained its upwards momentum today with a 76/35 points gain on the NZX50 Gross Index, driven by a handful of heavyweights having a firmer session. EBOS rose 13c to $27.64, F&P Healthcare gained 15c to $37.83, Freightways partially rebounded off Monday’s loss with a 17c rise to $14.22 and Auckland Airport climbed 15c to $8.50. Vulcan Steel also made a spring upwards of 29c to $8.40 continuing its unpredictable behaviour. Smaller gains were made by Skellerup up 7c to...
Headliner NZX Market Report 5.1.126
New Zealand equities opened the new week with a short burst of activity sending the NZX50 up 38.81 pts by the close this evening at 13,587.23 on the NZX50 Gross Index. On NZX, Infratil was the stand-out, adding 35c to $11/.43, while ANZ Bank gained 22c to $42.41. Summerset traded up 9c at $12.28, Ventia 13c higher at $7.05, Fletcher 7c up at $3.75 and Rakon shares jumped 5.5c, +6.67%, to 88c. Freightways traded 40c down at $14.05, Third Age Health dived 37c or -6.75% to $5.11 and Vulcan...
MARKETWEEK: 2026 may produce more of a canter
3.1.126 // Warren Head // __ During a demanding 2025 when the mediocre pace of economic recovery blended with geopolitical supply chain disruption triggered by the restoration of American tariffs, the NZX market managed to stay on course to record passive overall growth. A Chinese travel site – China Highlights International Travel – commented this week that 2026 is the year of the Fire Horse. “It is viewed as a year of optimism and opportunity, with strong public and investor...
