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...

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 28.11.22

Heavyweight equities contributed to a 74.25 fall in the NZX50 to 11,308.31 to open the trading week. The half-year report season is down to the late reports and the economic backdrop is of falling consumer confidence and continued rises in official interest rates....

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...