The NZ sharemarket closed off the week with a Friday fall of 60 points to 12,965, suppressed by weaker trading by heavyweights Fisher & Paykel Healthcare and Mainfreight. This tilted the market under the 13,000 threshold despite the gainers at 47 outnumbering decliners at 38. Leading the gainers were the dual listed Australian banks, with ABZ shares up 60c at $42.80 and Westpac up 49c at $43.72. Gentrack improved by 18c to $4.10, +4.67%$, South Port gained 14c to $8.42, -Freightways...

The realisation that a slowdown, albeit possibly temporary and short term, is under way in most of the nation (with the exception of booming Canterbury) hangs over the national sharemarket. Traction is proving difficult to maintain- with the market cycling above 13,000 on the NZX50 index. The NZX50 closed 37.99 points lower today at 13,028.07, while in Australia the ASX All Ords eased off by 4.00 at 8884.70. Synlait Milk was back in the spotlight with CEO Richard Wyeth signing off but to stay...

  With the market’s attention swinging to the future Budget and rising inflation as the fuels crisis nears the two months mark, equity markets had a weaker session. The NZX50 dipped 17.27 points to 13,063.06, unsurprising as some major heavyweights lightened share price. ANZ fell $1.01 to $41.60 and Westpac lost $2.02 at $42.58 following the Aussie Budget F&P Healthcare eased a further 13c to $34.15, and Scales fell 28c to $6.07, a fall of -4%. AFT Pharma dropped 25c to $3.35 -6.6%....

      Wall Street markets were rallying overnight as the White House rejected the Iranian response to the list of bullet points for peace put forward a few days ago by the United States.   President Donald Trump warned the ceasefire in the Middle East conflict was on "life support" The Dow Jones Industrial Average was up 95.30 points to 49,704.47 points The S&P 500  gained 13.91 points, 0.19%, to a new record of 7,412.84 and the Nasdaq Composite cruised around 26,274.12. But...

    The NZ sharemarket has sustained its momentum into another week, putting on 35.35 points to 13,210.48 on the NZX50 gross index today. The major gainer was Infratil, climbing 69c to $15.73, up 4.59% in ongoing support of the recent success of portfolio business CDC. South Port climbed 31c to $8.00, a rise of 4%. Chorus gained 12c to $1025, Meridian Energy 9c to $5.85 and Sanford 13c to $7.98. Fletcher Building gained 9c to $2.91 as did AFT Pharma at $3.75. The fuels price surge...

The NZ sharemarket closed on a weaker note on Friday, losing 95.48 points on the NZX50 index at 13,175.13 Westpac shares dropped 4.74% on Friday, a fall of $2.25 to $45.36 on NZX, after trading resumed from a halt. The 1H26 result of net profit at $3.4bn was down 5% on 2H25 (and up 3% on 1H25) and the bank will pay a 77cps interim div. However, the Middle East conflict is pushing up costs for customers. Westpac is well positioned to deal with the impacts of ongoing conflict. ANZ Bank shares...

  The NZ sharemarket had a bright trading session that ended 125.41 points higher on the NZX50 at 13,270.61 (+0.95%) . In Australia the ASX All Ords gained 90.90 (+1.01%) at 9107.00. ANZ Bank shares rose 37c to $45.42 and Westpac 99c to $48.49. EBOS riose 49c to $21.75, Infratil 659c to $15.14 (+4.05%) and a2 Milk gained 20c to $8.15. Gentrack held a further briefings session this morning with analysts and investors and took questions about the company’s direction, recurring and...

  The NZ sharemarket climbed higher for a fifth consecutive day since the start of the month, reaching 13,145.19, up 109.49 or +0.84%, again propelled by large gains The ASX All Ords also reflected  a strong trading session, gaining 112.50 to 9,016.10. There were 40 gains made on NZX today. EBOS climbed 59 to #21.26, Westpac $2 to $47.50, +4.40%, and ANZ gained $115 at $45.05. Vulcan Steel continued its rally with a further 30c climb at $6.45, +4.88%. Turners Auto gained 32c to $9.21,...

  A guidance update by Gentrack advising that it would prioritise growth over earnings produced a sharp reaction on NZX today. Gentrack expect FY26 revenue to be between $229m to $238m, lower than previous guidance. Recurring revenues in FY26 are expected to grow by more than 10% to around $174m, while non-recurring (NRR) revenues will be lower than FY25. Gentrack also confirmed its intention to launch a share buyback.   Gentrack shares fell $3.94 or 34.66% to land at $2.09. Other...

  The NZ sharemarket has remained on a higher trajectory again today, pushing 58.48 points higher at 13,097.68, partly buoyed by the government’s fuel-for-food trade deal struck in Singapore by a high powered mission led by PM Christopher Luxon, Finance Minister Nicola Willis and Trade Minister Todd McClay. The ASX All Ords eased off by 30.90 points to 8,923.80. Gold traded US$45.80/oz lower at US$4,599.00. Oil futures traded at US$108.06/bbl for Brent and US$101/bbl for WTI. The NZD rose...

  The NZ sharemarket joined other markets in taking a strong step upwards today, following notably a huge rise in the Dow Jones index in New York. The Dow jumped 790.35, +1.62%, to 49,652 buoyed by an earnings report from Apple that far exceeded expectations. Nasdaq rose 219 points to 24,892 and the S&P 500 gained 73.06 at 7209. The NZX50 rose 135.89 to 123,039.20 with a slate of gains eclipsing declines on the Friday session. In Australia the ASCX All Ords rose 67.10 to b8954.70. In...

End of the month topping up by investors, some premature enthusiasm around fuel supply and reinvestment of recent dividend payments all helped to send the NZ sharemarket up 133 points to 12,903.31 on the NZX50 today. Another trading session with similar gusto on Friday will see the market regain the 13,000 level. In Australia the ASX All Ords languished 28 down at 8,887.60. In the UK the FTSE-1oo gained 44.70 at 10,258.16. American markets were mixed, with Nasdaq gaining 9.44 points at...

  The New Zealand sharemarket was largely held up by one stocks on Wednesday, with Fisher & Paykel Healthcare increasing 65c in price to $36.37. There were few other rises of any scale with 32 gainers on the day. Fletcher Building gained 4ac at $2.83. Declines were again of a lighter scale, apart from a 61c fall by Westpac to $46.50. Mainfreight gave up 16c to $58.50. Hallenstein Glasson drifted 15c lower at $9.60. Fonterra Co-op eased by 8c to $4.57, as did Serko at $1q.69 and...

  Markets took an end of the month spill today as market participant worry whether there is a clear off-ramp for the US in the Iranian War and the threat it raises of higher inflation. The NZ Govt today confirmed financial support for a special order of diesel via Z Energy, which will store the fuel at Marsden Point. The NZX 50 fell 100.54 points to 12,764.46. In Australia the ASX All Ords dipped 55.80 points to 8,935.00. In the United States overnight, the S&P 500 The Dow Jones fell...

  The NZX market was fairly steady today with investors returning to former favourites. The NZX%0 rose 13.27 to 12,945.60. In Australia the ASX All Ords fell 102.40pts to 9,074.40. Brent crude oil traded at US$92.85 today, as markets responded to the extension of a ceasefire in the Middle East war.  Gold traded at US$4,782.20 up US$62.60. The Dow Jones dropped 293.18 at 49,149.38, the S&P 500 was 45.13 pts weaker at 7064.01 And Nasdaq shed 144.43pts at 24,259.97. In an update related...

The NZ sharemarket made a modest gain today as US markets drifted lower given uncertainty around the status of the Persian Gulf movement of vessels as more talks on the ceasefire took place. The MZX50 gained 16.83 at 12,932.33, while the ASX All Ords edged 3 points higher to 9177.10. In the US, the Dow Jones was 4.84 easier at 49,442.58 and the S&P 500 came back by 16.92 points to 7,109.14. Nasdaq was down 64.11 at 24,404.39. Gold retraced US$24.80 back to US$4,804.00 an oz. Oil traded at...

The weaker tone continued on NZX today with the NZX50 index closing off 10.52 points at 13,066.06, with the key dairy stocks an exception. Fonterra Co-op shares rose 21c or 4.5% to trade at $4.87 and the Shareholders Fund surged 45.5c to $6.94, a gain of 7% as farmer holders banked their payment from Fonterra’s sale of its Consumer brands. I In Australia the ASX All Ords eased back 7.50 to 9173.60. In the United States the markets were slightly mixed, as hopes of a resumption of peace...

  American markets rallied strongly on the whiff of a chance the peace powwow between the US and Iran can be revived – though the parties were still far apart on the key issue of Iran’s nuclear programme. However in New Zealand the market is far less optimistic against news commentators concerned that a US Navy blockade of Iranian ports will accelerate rather than reduce oil prices. WTI crude oil eased by US$1.90 a bbl today at US$97.13 – but that level continues to place a firm floor...

The NZX markets had a soggy session today as the upper and eastern North Island mopped by from cyclone damage.  The NZX50 closed There were a handful of gainers, led by Fonterra Co-op rising 24c to $4.42, +5.74%, on the news that an experienced senior executive from within the co-op has been named the new CEO. Gentrack improved 15c to $6.35, Chorus added 10c at $9.61, Channel 7c at $3.04, Mercury 7c at $6.55. Tourism Holdings shares sank 19c to $2.09, -8.33%, as investors worried about the...