Share trading on NZX softened into the close of the market for the wee3kend, with the NZX50 Gross Index falling 130 points today at 13,680.40. There were 66 declines in share trades to 22 gainers, with $144.1m in value on the3 day’s session, with volume at 35.41 million. In Australia the ASX All Ords gained 60.30 to 8854.70 Wall Street trading saw values little altered with the Dow Jones up 20.50 at 50,926.60, the S&P 500 up 14.,91 at 7666.45 and Nasdaq easing by 10,53 to 26,871.60....

      Most equity markets had a dismal trading day and the NZX was no exception. There were 38 gainers and they included two heavyweight stocks. Mainfreight gained 43 points at $65.90 and F& P Healthcare rose 46c to $46.45.  Port of Tauranga rose 13c to $8.42. These three gains cushioned the extent of the downside with the NZX50 falling 25.85 at 13,810.51. Dec liners were led by Westpac drooping 99c at $42.31, while EBOS back tracked 25c to $19.22 and Infratil lost 21c to...

The New Zealand sharemarket had a brighter session today, moving 150 poi8ngts higher on the NZX50n to 13,834, helped by positive sentiment around NZ targeting reduced national debt and closer fiscal surpluses than earlier forecast. F& PO Healthcare jumped 45c to $45.99, Infratil 27c to $14.16 and EBOS 27c to $19.47. Mainfreight steadied up 12c to $65.47.ANZ gained 25c to $47.50 Briscoe firmed up by 9c to $4.35 Channel gained 11c at $3.59, Chorus 21c to $8.46 and Delegat 14c to $4.39....

  The national sharemarket slipped into the weekend on a softer note with the NZX50 down 13.74 points to 13,811.11 on Friday trading.  There was a similar fading on ASX where the All Ords drifted 51.40 points lower at 8,845.60, while in the US markets were mixed as oil prices hissed and recoiled again and the bond market held sway. The Dow Jones faltered 161.61 points to 51,349.98, while the S&P 500 eased 1.90 to 7704.13 and Nasdaq traded three points higher at 26,939.37. BNZ Markets...

  The New Zealand sharemarket has had a soft day’s trading with some profits s taken off the table and a leading retailer announcing a major write-down. The NZX50 shrank by 51.72 points at 13,821.76 while in Australia the ASX All Ords index edged 5 points higher at 8956.20. American markets were volatile and mixed. The Dow Jones shed 185.14 points at 57,863.69, and the S&P 500 was flat – lining at 7764.64.  The Nasdaq market held its record level with 122.16 added at 27,244.28. Gold...

The NZ sharemarket coat-tailed the surge on Wall Street overnight where technology and semiconductor stocks, romped higher, taking the Nasdaq to a new record, +2.0% at 27,122.09 – 599.55 points higher. Meta shares climbed 11.3% with interest in its new personal AI agent, Muse. Other technical stocks also rallied, Nvidia by 2.3%, Google by +1.55% and Amazon, up 1.87%. The Dow Jones index climbed 366.19 at 52,048.83 and the S&P 500 114 points to 7764.70. The NZX50 added 54.28 at 13,875.48...

The NZ sharemarket had a strong start to the week today, adding 82.06 points on the NZX50 Gross Index which closed at 13,821.20. In Australia the ASX All Ords index closed down 36 points at 8914.10. WTI oil traded at US$94.49 a barrel today. Brent crude traded at UAS$101.80/bbl. Gold sold at US$4390.20 down US$34.20/oz. There were few falls of scale, however Port of Tauranga came back by 24c to $7.99 and Turners Auto fell 10c at $7.50. Port of Tauranga was ex dividend 12.50cps on 17.9.26....

  Slender that it was, a blip of GDP growth indicated around a 2% + rate for a full year and a recovery still building – as is the case almost everywhere except in the USD. But enough for sharemarket investors to feel more confident. The NZX 50 closed the session today at 13,756.59, up 133.87. American investors were more hesitant as the Fed increased the US bank rate by 0.25 basis point- the first increase in 3 years and knocked share prices on the Dow Jones and S&P 500 markets. The...

  Equity markets back-tracked on Tuesday as governments came out to steady nerves around the tremendous pace being set by A.I. development, in combination with rising bond yields ahead of a cash rate meeting of the US Federal Reserve FOMC on Thursday US time. The NZX50 dropped 76.47 at 13,404.22, after US markets closed broadly in the red. The Dow Jones fell 152.10 to 52,421.10, the S&P 500 was down 37.00 at 7619.98 and Nasdaq descended 146.62 to 26,186.41. In the past day or so the...

  Weeks after the first signs that a major US developer of A.I microchips had cold feet over the use of its products for military use, its CEO sent a shudder through Asian markets today when he warned that A.I needed to be more tightly controlled for the safety of mankind. The selling wave washed over regional stocks including NZX-listed Infratil a major funder of databanks through its subsidiaries CDC in Australia and Kao Data in the UK. Infratil shares fell 40c to $14.11. Travel...

   The NZX market has had a weak end to the trading week, with the NZX50 dropping 108.40 points to 13,711.00 as global oil prices climbed on intensified military action in the Persian Gulf. The situation involving US forces and Iran has deteriorated over the course of the week, while Houthi rebels have reportedly captured a key port town at the entrance to the Red Sea. In the United States, the 25th anniversary of the terrorist attacks on New York’s Twin Towers and the Pentagon building hung...

Oil prices continued to surge higher today, with Brent crude trading above US$100 a barrel. This evening Brent was at US$101.30/bbl and West Texas Intermediate at US$96.29. The price of oil has shot higher since the US and Iran began a tit-for-ta exchange of military fire, Iran at US naval vessels and commercial targets, the US responding by sinking tankers carrying Iranian oil., EBOS 20c to $20/05and EBOS 20c at $20.05. In the United States overnight, the Dow Jones index dropped a further 405...

  In the face of another weak trading session on Wall Street, amidst rising global oil prices and an alarming escalation of US-Canada tension, the NZ sharemarket did well to dodge any fall-out today. The NZX50 Gross Index firmed up by 26.53 points at 13,819.43. In Australia the ASX All Ords weakened 11.40pts at 9,102.90. Oil prices climbed higher as the Persian Gulf situation deteriorated, the US responding to Iranian attacks by sinking four Iranian leased oil tankers in the Gulf of Oman,...

With no lead from a closed Wall Street market, except for a negative close to last week and a jolt upwards in global oil prices, the NZX market ran for cover today. The NZX50 shed 149.33 points at 13,792.90, dowqn-1.08%. The ASX All Ords fell 86.30 to 9,114.30. Oil prices reacted badly to the assertion by Iran that it was going to established a closed zone beyond the Strait of Hormuz and regulate the flow of vessels in their proclaimed patch of open sea. WTI crude oil traded up 3.2% today at...

Surely we cannot blame the All Blacks defeat ijn the third test of the Great Rivalry tour but the NZ sharemarket was downright listless today. There were just 35 gainers to 51 decliners as the NZX50 surrendered 31.35 points by final whistle to close at 13,942.83.  Best gainer today was a2 Milk rising 18c to $8.17, matched only by Contact Energy at $8.75.  Scales regained 10c at $2.980 and Ventia added on 8c at $6.82. Port of Tauranga generated the most positive news of the call- with the Fast...

  The NZ sharemarket took a cue from Wall Street’s overnight rally and shot closer towards 14,000 again on the NZX50 index.  The day’s trading on NZX was highlighted by strong advances being made by a cluster of industrial stocks, taking the NZX50 128 points higher at 13,974,18, +0.92$. In Australia the ASX All Ords stopped at 9196.60, -2.30 points. American markets moved sharply higher, the Dow Jones Industrial hitting 624.16 points upwards at 53,686.11. The S&P 500 gained 81.11 at...

The NZX market succumbed to a session of profit-taking today after recent gains, The NZX50 fell 84.38. Bremworth shares rose 10c to 77c today, a gain of +14.93%. Bremworth has received a letter on behalf of Mangawhai Collective Ltd, holder of 19.73% of Bremworth shares, indicating its intention not to support a revised offer put forward by Floorscape Ltd that offered $0.95 per share for 100% of the shares in Bremworth, Winton Land resumed trading today after advising NZX that it has appointed...

A surprisingly benign tone from the RBNZ’s Monetary Policy Committee today – in setting the Official Cash Rate 235bps higher at 2.75% - helped the NZX market this afternoon to a 143 points lift in the NZX50 at 13,930.57, +1.04%. The MPS is setting monetary policy to return inflation to 2% by late 2027. Economic activity is expected to strengthen and broaden. Another positive development was an unscheduled update from Fonterra Co-op that it expects its FY26 full year underlying earnings to be...

The impact of higher oil prices has spilled over into bond and equity markets, In NZ   index fell 131.90 points to 13,786.90, on a listless day for news flow. In Aussie the ASX All Ords also slipped, by 10.12 to 9260.90. Global rates are higher, noted BNZ Markets, although the moves have been modest. “The US 10-year rate traded above 4.76% overnight, its highest level since January 2025. “ If the 4.8% level breaks, the next support level for Treasuries would be around a yield of 5%, last...

  The NZX market moved in a downwards direction today dogged by the likelihood of higher interest rates in the next OCR review – despite leading banks pointing to an economic recovery being under way.  The NZX50 fell 11.87 points at 13,768.18. -0.8%. In Australia the ASX All Ords index firmed 51.10 higher at 9294.30. In the USA, all markets swung higher after an erratic week to date. The Dow moved up by 105 to 53,569, the S&P 500 added 55.29 at 7730.99 and Nasdaq gained 411.25 at...