The Latest
Disruptions brake Napier Port half-year
Napier Port saw ship calls reduce in opening half-year 24.5.22 9.30 Napier Port’s financial results for the first half of the 2022 financial year reflect the challenges of significant supply chain and Covid-related disruptions. Revenue fell 3.6% to $50.7 million from...
Record result for Turners Automotive
24.5.22 9.00am Turners Automotive Group (NZX: TRA) has reported record earnings for the financial year to March 31, 2022 (FY22), with net profit up 16%. This is despite a COVID-19 disrupted year from lockdowns and more recent impact of Omicron on consumer demand and...
Sentiment shift supports NZ dollar
The new week has kicked off with a lift in risk appetite, with global equities markets showing some decent gains, higher global rates and weaker safe-haven currencies like JPY and the USD. The NZ dollar has been a beneficiary of the change in sentiment, gaining 1% to...
Mining adds some iron to limp market
23.5.22 Despite a strong start to trade, which saw the Aussie sharemarket reach highs of 0.7 per cent, the S&P/ASX 200 finished on a flat note, gaining 0.1 per cent or 3 pts, to 7149, says CommSec. The Materials sector did much of the heavy lifting today after the...
Market report 23.5.22
23.5.22 The national sharemarket settled into a more normal pace today, after a weekend of reflection on the 2022 Budget, the re-emerging tourism market, prospects for a further hike in the Official Cash Rate midweek, and the March season of company reports. The...
Net rentals lift Kiwi Property’s year
23.5.22 (9.40am) Kiwi Property continued to build strategic momentum in the year ended 31 March 2022 (FY22), announcing a strong financial result, including growth in all key operating metrics. Net profit after tax rose 14.1% to $224.3 million, driven by increases in...
AFT Pharma has better year
AFT Pharmaceuticals CEO Dr Hartley Atkinson 22.5.22 (9.12am) Along with a FY22 operating profit in line with guidance, AFT Pharmaceuticals has struck its dividend policy and guides to a maiden payment in FY23. The company’s 31 March 2022 results show strong growth...
Stagflation fears hang over markets
23.5.22 Markets remain dominated by stagflation concerns at present, with inflation at multi-decade highs in most countries, central banks set on rapidly tightening monetary policy, and recession fears mounting, notes BNZ Markets. The S&P500 briefly crossed over...
New government in Australia
22.5.22 The Australian Labour Party, and PM-elect Anthony Albanese, have won the Australian Federal Election but may not be a majority government. How will the ASX react to the change of government? The new Labour government will thus depend on the cross-benches,...
MARKETWEEK: Market refocuses on the back-yard.
Some essential equipment for current circumstances 21.5.22 Warren Head Reason prevailed over over-reaction this past week as the New Zealand sharemarket refocussed onto home market events and let the turmoil on Wall Street take care of itself. In that sense the...
Market Trends
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,...
Market report 16.5.22
After a strong recovery made on Wall Street at the weekend, the expectation was that the...
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...
NZ Market Report 12.05.22
Another savage session on Wall Street washed over to other markets today. American markets...
Market report 11.5.22
The New Zealand sharemarket recovered some lost ground today, rising fractionally by just 3.72...
Market report 10.5.22
The slowdown in China’s trade due to the current widespread lockdown there is being...
Overseas Sharemarkets
Euro plunges, Kiwi down, on recession fears
13.5.22 Markets remain firmly in risk-off mode as concerns grow that the global economy is heading...
Big bounce for CSR in March year
11.5.22 Building materials group CSR Limited (ASX:CSR) has had a strong March 2022 year with net...
Turnaround in equities; currency weak
1.5.22 There has been something of a turnaround in risk sentiment overnight, with equities...
Weakness in US dollar
20.5.22 Growth fears for the US economy have resulted in notable weakness in the US dollar,...
Books in shape but funding front-loaded
19.5.22 Budget 2022 shows that the Government’s books remain in good shape, comments Westpac....
Better US data helps markets
18.6.22 Risk appetite has recovered as investors eye up easing lockdown restriction in China and...
State surpluses from mid-decade
17.5.22 Westpac expect Budget 2022 to show that, all things Covid considered, the Government’s...
What’s the ‘right amount’ of tightening?
17.5.22 Economic growth is set to slow both in New Zealand and around the world, as central banks...
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