The NZ sharemarket gained ground today as brokerages favoured a better year ahead. The NZX50 added 74.57 at 13,423.18. However the Australian market was affected by the selling overnight on Wall Street and the ASX All Ords dropped n72.10 to 9164.80. The US markets were impacted by the failure of the US Congress to head off another closedown of the US government this weekend. The Nasdaq was off 172.33 at 23,685.12 and the S&P 500 down 9 points at 6909. However, the Dow Jones Industrial rose...

  The NZ sharemarket has drifted lower today, by 64.28 points at 13,348.61 on the NZX50n index. In Australia the ASX All Ords has closed 13.70 lower at 9236.90. The decline in the NZ equity markets has been attributed by increased market tension. The financial markets took the no-change decision on interest rates by the US Federal Reserve FOMC as a case of business as usual. Yet markets are confused by the stance of the US government on the direction of the US dollar. Last night the NZD...

      New Zealand shares mounted a rebound today with a wide cohort of industrials leading the way back up. The NZX50 closed the trading session up 50.14 points at 13,150.88. In Australia the ASX All Ords rose 78.60 at 9,268.50. Wall Street had a stronger day with the Dow Jones bounding 313 points upwards to 49,412.40. The broader S&P 500 gained 34.32 at 6950.23 and NASDAQ rose 100.11 to 23,601.36. The world gold price eased slightly (-US$4.30) to US$5,078.20 an ounce. The...

  American markets rose in unison after the markets absorbed the decision by the White House to soft-pedal its threat on extra tariffs on EU states and military seizure of Greenland. The Dow Jones index soared 308.78 poi8nts to 49,384.01, the broad S&P 500 37.73 pts to 6913.35 and Nasdaq 211 pts at 23,436.02. In the UK the FTSE-100 hit 10,150. While in Australia the ASX All Ord gained 12.40 at 9189.90. The NZX market was on the back-foot with the latest CPI data release showing a...

Relief that the United States is walking back from threats of using armed force to lift Greenland off Denmark saw global stockmarkets rise today. The S&P/NZX 50 Index gained 1% or 139.70 points to close at 13,556.87. US sharemarkets were also strongly higher. The Dow Jones gained 588.34 points to attain 48,077.23, a gain of 1.21%, while the S & P 500 rallied 78.71 to 6875.62, up +1.16%. Nasdaq gained 270.50 at 23,224.92, a rise of 1.18% Met by a stony-faced line-up of global leaders at...

  The equities markets are as bleak as the weather this week.  The increased geopolitical tension over the strident demands on Denmark ‘to do a deal’ on Greenland have the EU nations grimly consolidating a face-off with the US. The financial markets are also starting to tense up, and there is evident osmosis from the US dollar to gold bullion – which has soared to new heights reaching US$4,869.50, a rise of US$103 per troy ounce. At the present pace an astonishing US$5,000 an oz looms as...

A highly volatile political crisis over Greenland has sent ripples of concern through global markets and prompted a 2.76% gain of US$127 an ounce in the global price of gold at US$4,722.40. Investors are wary about what might occur on Wednesday EU Time at the World Economic Forum, where President Trump is expected to meet world leaders. Wall Street markets have been closed overnight for the Martin Luther King Day national holiday in the US. The NZX50 eased 6.31 points lower at 13,573.93. The...

  A shaky start to the new business week by the NZX saw 83.21 points removed from the NZX50 Gross Index at 13,580.29 today. In Australia the ASX All Ords eased by 31.80 at 9,i184.90. There is no Wall Street trading tonight with US markets closed for Martin Luther King anniversary day.  Gold traded at US$4,679.60 , up US$84.20 a troy ounce. The State of the Nation address delivered by PM Christopher Luxon at an Auckland Chamber of Commerce luncheon pointed to recent figures showing...

Rising indices on Wall Street influenced global markets today, NZ’s NZX50 market gaining 58.3 points to 13,718.10. In Australia the ASX ALL Ords gained 42.50 AT 9226.70. The Dow Jones gained 292.81 overnight at 49,442.44 poised for a run at the 50,000 threshold. The S&P 500 gained 12.87 at 6944.47 and Nasdaq rallied 58.27 to 23,530. In the UK, the FTSE-100 climbed 54.59 at 10,238.96. Gold slipped US$14 to US$4,609.70. Westpac estimated that New Zealand consumer prices rose by 0.5% in the...

The NZ sharemarket responded positively to further economic news today.’ The list of gainers contained some solid advances, headed by heavyweights rushing upwards. Mainfreight out-manoeuvred the field with a 77c thrust to $69.57 but the $70 threshold remained elusive for now. F&P Healthcare gained 59c to $39.49, edging closer to the $40 mark. Infratil regained some energy in rising 31c to $11.60 after profit-taking clipped the share price last week. A2 Milk gained 21c to $10.85. Contact...

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,...

  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...

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...

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...

  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...

Financial markets are proving as fickle as the weather. The NZX market fell back in quiet trading today, down 7.82 points to 13,518.17, assisted by heavyweights Summerset and Mainfreight shares losing momentum. MFT shed 46c to $68.09 and Summerset 38c to $11.97. Gentrack fell 16c to $8.47, Infratil 98c at $11.27, Serko 8c back to $2.97, Vulcan Steel down 9c at $8.21 and ANZ off 20c to $41.94. The global gold price rallied US$31.40 to US$4,375 a troy ounce but Santana Minerals was cropped 5.5c...

The New Zealand sharemarket traded quietly today with a mixed outcome. The NZX50 eased by 3.02 points to 13,525.99. Several heavyweight stocks had profits clipped by investors as the end of trading for 2025 nears. EBOS dropped 41c to $27.63, despite being a favoured selection in the 2025 NZ Herald share game. Fisher & Paykel Healthcare retreated by 39c to $37.47 and Mainfreight fell 46c to $68.55. Scales shed 6c at $5.83 and Ventia lost 15c to $6.92. Third Age Health continues its descent...

The NZ sharemarket had a relatively quiet abbreviated trading session today on Christmas Eve. The NZX50 moved up by 11.33 points at 13,529.06. The broad S&P 500 index hit record levels on Wall Street overnight, up 31.30 to 6909.79.  NASDAQ gained 133 points at 23,561.84 and the4 Dow Jones gained 798.73 at 48,442.47. In the UK, the London Stock Exchange was lower, the FTSE-100 off 37.89 at 4,969.92.  Gold traded US$14.70 higher at US$4520.40/oz. In Australia the ASX All Ords closed down...

An absence of actionable newsflow did not halt the impetus of the NZX sharemarket, although it did slow to a 9.43 points advance on the NZX50 Gross Index at 13,517.73. In Aussie, the ASX All Ords put on 96.50 at 9096.20. In the UK the FTSE-100 shed 37.89 points at 4,969.92. In the USA, the Dow gained 227.79 at 438,362.68, the S&P 500 added 43.99 to 6878.49 and NASDAQ 121.21 to 23,428.83. The best gain of the trading session was made by Westpac with a $1.04 surge to $45.45 and ANZ Banking...