by Warren Head | Sep 28, 2023 | Free, NZ Market Daily Report
Concern around inflation – with the likelihood of firm rates prevailing throughout 2024 - washed through the NZ sharemarjet on Thursday. There were widespread falls and the NZX50 had one of its worst days of the month, down 138.78 at 11,178.03. IN the US the...
by Warren Head | Sep 27, 2023 | NZ Market Daily Report
The NZ sharemarket eased down today with a wide range of small contractions in share prices. The softening saw some profits taken from Skellerup, -15c at $4.68 and Summerset -15c to $10.00. EBOS came back by 26c to $34.69, Mainfreight $1.18 lower at $62.90 and...
by Warren Head | Sep 26, 2023 | NZ Market Daily Report
Markets simply dislike linear lines – several stocks that made ground on Monday were clipped today. Scott Tech was cropped 11c to $3.18, a fall of -3.34%, while Mainfreight fell 171c to $64.08. Fisher & Paykel Healthcare dropped 28c to $21.80 and Freightways fell...
by Warren Head | Sep 25, 2023 | NZ Market Daily Report
The NZ sharemarket has had a quiet start to the trading week, adding 4.50 points to 11,377.12 on the NZX50 index. Synlait Milk gained one cent at $1.28 after the company released its FY23 results, with total group revenue down 3% to $1.60 billion and group NPAT down...
by Warren Head | Sep 22, 2023 | Free, NZ Market Daily Report
Freightways was one of the best performers on NZX today, gaining 26c at $8.76. Mainfreight roared 158c higher to $65.60, and Manawa Energy gained 25c to $4.60, a rise of 5.63%. Skellerup recovered 17c at $4.77m for a gain of 3.70%. Briscoe put on 7c to $4.57 and...
by Warren Head | Sep 21, 2023 | Free, NZ Market Daily Report
The NZX sharemarket failed to react positively to a half-hearted flick upwards in NZ GDP, The NZX50 fell 6.08 points to 11,318.74. In Australia to ASX All Ords fell 98.10 to 7065.20. Overnight the Dow Jones closed down 76.85 at 34,440.88 despite the Fed FOMC decision...
