Kiwi dollar powers upwards

The NZ dollar continued to power higher, ending the week above the 0.64 mark for the first time in over three months while the NZD/AUD cross hit 0.94 for the first time since January, notes BNZ Markets. “ NZ rates were sharply lower on Friday, with the market starting...

ASX loses ground

2.12.22 The Australian sharemarket wrapped the final session of the week around session lows, snapping three straight days of gains in the process, with the ASX 200 falling 0.7 per cent or 52.9 points to 7,301.5. Energy and Financials were some of the worst performing...

NZ Market Report 2.12.22

  The national sharemarket finished the week on a soft note, easing off by 12.71 points to 11,641.85 on the NZX50 index. Aussie banks led the retreat, the ANZ shares off 54c at $26.36 and Westpac down 51c to $25.22. F&P Healthcare shed 27c to $24.05.  Vulcan...

Synlait well placed in changing IMF scene

2.11.22 The key message from Synlait Millk’s AGM held Friday at Christchurch’s new convention centre was that the business is well positioned as the Chinese infant formula market changes shape Chairman John Penno noted the active engagement with the top eight infant...