The Latest
Genesis outlines $1.1bn energy plan
30.11.23 Genesis Energy intends to use profits from the Kupe gas field to support a $1.1 billion programme to build new renewable generation and grid scale battery storage between now and 2030. As part of a strategy reset, Gen35, investment will be made into solar,...
KIwi dollar reverses after spike
Aided by a stronger USD overnight, the NZ dollar has reversed yesterday’s post-MPS rally, after the RBNZ’s surprising forecast update which showed an increased chance of tighter policy and a higher-for-longer rate track, notes BNZ Markets. NZD/USD is trading back...
Out-performance by Blackpearl
29.11.23 Blackpearl Group's financial performance since listing on NZX has been notable, with first half of FY24 subscription revenue reaching $1.5 million – a 163% increase. And Annual recurring Revenue, ARR, soaring to $4.6 million — a 221% year-on-year increase....
No change to OCR but hawkish tone
The RBNZ left the OCR at 5.5% as expected but was more hawkish on future prospects. The RBNZ's projections signal the risk of further increases in the OCR in 2024. An easing cycle looks quite some time off., says Westpac chief economist Kelly Eckhold. The RBNZ’s...
NZ Market Report 29.11.23
Several heavyweight stocks climbed on the NZ sharemarket today as the Reserve Bank released a no-change decision on the Official Cash Rate (though hedging its opinions on what early New Year might bring and increased resignation to an extended period of current...
Soft NZ market for Metro Glass
29.11.23 Metro Performance Glass delivered earnings result in line with August guidance supported by solid profitability in Australia. Residential construction sector softness impacted the New Zealand business. New Zealand revenue declined 13% year on year to...
Cash-tight TradeWindow lifts recurring revenue
29.11.23 TradeWindow the trade software business has moved forward on a re-organisation to save costs and cash though its interim financial results show global trade dynamics continuing to support revenue growth. The company has reduced FTEs by approximately 40% to 48...
ikeGPS pushed off the pace
29.11.23 The opening half year of FY24 was a mixed period at ike GPS with transaction revenue falling 60% to $3.7m. Subscription revenue however, rose 24% to $5.1m. The revenue mix resulted in gross margin for 1H24 of $6.2m, -24% vs pcp, and a net loss of -$6.9m vs a...
Ryman reports a low growth year
29.11.23 The rigours of the retirement sector were felt by one of the market leaders Ryman Healthcare in the September year and have resulted in a lower profit and a slight revaluation of investment properties.’ Ryman has reported IFRS profit of $186.7 million,...
Geneva Finance costs bubble
Geneva Finance increased revenue by a solid 29% or $6.8m to $30.6m in the September half year, but after profit was lower on the pcp. The unaudited financial result for the period was a profit of $1.8m, down $0.8m (30.8%) Pre-tax profit of $2.5m was down $0.8m...
Market Trends
NZ Market Report 24.11.23
There were thanksgivings all round today as the United States held its annual holiday and...
NZ Market report 23.11.23
There was a modest firmness About the NZX market today as several lead stocks...
NZ Market Report 22.11.23
Deals dropped dictated the state of affairs on the NZX market today, with the NZX50 index easing...
NZ Market Report 21.11.23
The NZ sharemarket marked time today mid-way through the mini report season. In the absence of any...
NZ Market Report 20/11/23
The New Zealand sharemarket made a robust start to the trading week, adding 30.49 points at...
NZ Market Report 17.11.23
The NZ sharemarket drifted further South today, with the NZX50 dropping 53.90 points to 11,176.97....

Overseas Sharemarkets
NZ dollar eases back
23.11.23 US jobless claims and inflation expectations data weren’t market-friendly, sending US...
Kiwi dollar break to the upside
]22.11.23 Overnight trading conditions have been uneventful, but the NZD has managed to hold on to...
Asian currencies to the fore
The US dollar has extended its recent decline. “It has been under pressure amid softer than...
NZ dollar and AUD firm
Markets are quiet, with the US on holiday but European bond yields have pushed higher, with...
NZ dollar eases back
23.11.23 US jobless claims and inflation expectations data weren’t market-friendly, sending US...
Kiwi dollar break to the upside
]22.11.23 Overnight trading conditions have been uneventful, but the NZD has managed to hold on to...
Asian currencies to the fore
The US dollar has extended its recent decline. “It has been under pressure amid softer than...
USD weaker, equities gain
US equities made modest gains on Friday in the absence of first-tier economic data or other market...
Videos
Weekly economy and markets round-up from Westpac Chief Economist Kelly Eckhold
Markets
NYSE-Nasdaq Markets