NZ Market Report 1.12.22

Against the backdrop of a sharp rally on Wall Street, the NZ market closed 102 points higher this evening at 11,654.52 on the NZX50. During the trading day in the US, Federal reserve chairman Jerome Powell said in an address that the fight for inflation isn’t over but...

NZ Market Report 30.11.22

Strong trading highlighted the day for NZX, with the NZX50 index finishing 156.69 points higher at 11,522.94. Overnight, the Dow finished up 3.07 at 33,852.53 in New York. Fletcher Building shares came back 13c to $4.95, as did national retailer Briscoe at $4.85....

NZ Market Report 29.11.22

Heavyweight stocks bounced back on NZX today, with Fisher & Paykel Healthcare’s half year results putting $2.10 on its share price at $22.81. Mainfreight jumped 69cat $71.49. However, EBOS dropped a further 31c at $40.19 and Auckland Airport was off 13c at $7.82....

NZ Market Report 25.11.22

The market has quickly absorbed the higher OCR and moved ahead on repricing equities.  This resulted in a stronger trading day and the NZX50 gained 60.85 at 11,382.56.  BurgerFuel has reported first half net profit after tax of $552,316 compared to $404,525 for the...

NZ Market Report 24.11.22

The aggressive increase in the Official Cash Rate in yesterday’s Monetary Policy decision by the Reserve Bank leading to higher swap rates clouded trading on NZX today. A firm NZ dollar added to the equation. The NZX50 dipped two points to 11,321.70 with declines and...

NZ Market Report 23.11.22

The sharp increase of 75bps in the official cash rate to 4.25% by the reserve Bank today as part of its final MPS for 2022 sent the NZ sharemarket lower. The NZX50 dropped 98.66 points to 11,323.82. There were a handful of notable gains, led by the Aussie banks, ANZ,...