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...

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 8.8.22

There was a good range of share price moves on NZX today with the NZX50 ultimately finishing down 25.66 points at 11,702.81, due to several large declines by heavyweight stocks. EBOS peeled off 30c at $38.80, Mainfreight 26c at $78.24, Ryman Healthcare 28c at $9.26...

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...