Market Report 12..22

The NZ sharemarket closed off the week with a 29.49 points fall to 11,730.52.  Overnight, the Dow Jones had reflected investors’ confidence after some strength in recent weeks.  The Dow added 27.16 points at 22,336.67 – but the session had been 266 points higher in...

ASX broadly higher

The Aussie sharemarket briefly hit fresh 2-month highs earlier in the session, with the ASX 200 finishing 78.3 points or 1.12 per cent higher to 707, records CommSec. Ten of 11 sectors finished higher, with the Materials (up 1.5 per cent) and Financials (up 1 per...

Market Report 11.8.22

It may be a mystery for some investors as to why a 535 point advance on the Dow Jones last night (to 33,309.51, +1.63%) is followed by a feeble 7.92 points rise in  the NZX50 today at 11,760.01. The answer is that the causes of the American stockmarket leap are purely...

House prices in descent

The latest REINZ report revealed a further cooling in the housing market. House sales (July month): 4,822* Monthly % change: -3.1% (Prev month -11.2%) Annual % change: -36.7% (Prev month -36.1% House Price index* Monthly % change: -1.7% (Prev month -1.0%) Annual %...

Higher pay-out by Vital Healthcare

11.8.2 Vital Healthcare Property Trust has increased the distribution rate on its listed units as part of the  results for the June 2022 year. NorthWest Healthcare Properties Management Limited (NorthWest), the manager of Vital, confirmed 9.625 cents per unit (cpu)...