Market Report 17.5.22

Trading was fairly level on NZ today, with a small drop of -19.78 points to 11,137.88.  Overnight, the NYSE’s industrial index, the Dow Jones, rose 26.76 at 32,223.42. The highlight of the session was the listing of Ampol, the Aussie transport fuels and convenience...

Market report 16.5.22

  After a strong recovery made on Wall Street at the weekend, the expectation was that the NZX market would follow suit even if to a less degree. This was how the Monday session began but from mid-afternoon, as the massive $2.9 billion Emissions Reduction Plan...

NZ market report 13.5.22

13.5.22 This rollercoaster of a week may be over for the NZX market, as it closed this evening at 11,168.18, on a daily drop of just 9.18 points. But the tone of tonight’s US market will determine whether the spell of risk aversion is calming or entering another...

NZ Market Report 12.05.22

  Another savage session on Wall Street washed over to other markets today. American markets continue to be troubled by inflation data, the latest numbers coming in slightly above expectations. The Dow dropped 326.63 to 31,834.11. On the NZ market, investors are...

Market report 11.5.22

The New Zealand sharemarket recovered some lost ground today, rising fractionally by just 3.72 points to 11,233.17, but there was some relief that the torrent of red ink of the past week is paused. The Dow dropped 84.96 to 32,160.74, failing to hold onto gains in...
Market report 10.5.22

Market report 10.5.22

  The slowdown in China’s trade due to the current widespread lockdown there is being interpreted as a huge negative for the US economy and coming on top of the switch by the US Federal Reserve to monetary tightening, has rattled equity investors. In New Zealand...