Headliner NZX Market Report 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...

NZ GDP shows economy held ground

17.9.26 The June quarter 0.2% rise in New Zealand’s GDP was in line with forecast, says Westpac senior economist Michael Gordon. He said growth tends to be understated in June quarters, suggesting an underlying growth pace of around 0.5% over recent quarters. Goods...

Clutha scheme storage increases

17.9.26 Contact Energy’s latest report on the energy position shows South Island controlled storage was 166% of mean and North Island controlled storage was 84% of mean as at September 13. Clutha scheme storage was 138% of mean.  Inflows into Contact’s Clutha...

NZ King Salmon upgrades guidance

17.9.26 New Zealand King Salmon Investments has upgraded their earnings guidance for FY26. Pro‑forma EBITDA is now expected to be in the range of $36 million to $39 million (pro‑forma EBIT $27 million to $30 million), compared with the previous guidance range of...