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...

Market report 10.8.22

The NZ sharemarket flat-lined today with a 1.39% drift to  11,752.09. In the US the Dow Jones Industrial Average edged 58.13 points down to 32,774.41. A2 Milk received a mild rebuff from the US agency reviewing IMF applications from producers of infant milk formula,...

Market report 9.8.22

A cautious but constructive session on NZX today saw a number of good gains made across a broad spectrum, whilst losses were limited. There were only a handful of falls of any note. There were 10c retreats made by Colonial Motors at $9.20, Freightways at $9.1 and...

Market Report 4.8.22

  Wall Street had another of those rip-snorting days, racing 416.33 points higher at 32,812.50 after the US service PMI clinched a 56.7% rise for July – a surprise event indeed – where’s the much feared recession!   Corporate results included some strong numbers...
Briscoe Group lift quarterly sales

Briscoe Group lift quarterly sales

4.8.22 Briscoe Group has announced unaudited sales for the thirteen-week second trading quarter ended 31 July 2022 (91 days) were $191.7 million, being 3.49% higher than the $185.3 million achieved for the same quarter of last year. T he Group’s homeware segment for...

Market report 3.8.22

  The NZ market broke in the opposite direction from US sharemarjet today, driving 172.57 points higher to 11,705.63. Overnight, the Dow Jones dropped 402.23 points to 32,396.17. The US House of Representatives speaker Nancy Pelosi visited Taiwan, creating...