Market close: A2 Milk trading halt brings late excitement as stocks end lower
A2 Milk went into a trading halt as it finalises a potential acquisition.
A2 Milk went into a trading halt as it finalises a potential acquisition.
The NZ sharemarket snapped four successive days of falls.
Fonterra gave the sharemarket, and the economy, some heart with a strong financial result.
The NZ sharemarket slipped to a six-week low.
The S&P/NZX 50 Index finished the day lower.
Electric Kiwi chief executive Luke Blincoe has stepped down, effective immediately.
The index finished the week down nearly 2.8% and is now 6.2% ahead for the year.
Rate-sensitive growth stocks that have led much of this year’s rally rose.
Across the ditch, the Australian sharemarket reached a record high.
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The index gained more than 1% for the week.
The market was led higher by increasingly influential Fisher and Paykel Healthcare.
Figures show NZ relied heavily on coal and gas-driven power generation from April to June.
The S&P/NZX 50 Index ended slightly ahead after an up and down day.
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The New Zealand Exchange closed marginally higher on a lack-lustre day.
New Zealand shares bucked the trend across Asia as they edged higher.
The fund increased almost 15% in the past financial year.
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The NZ sharemarket fared better than many of its Asian peers.
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Investors continued to digest the glut of information from earnings season.
New Zealand shares rose for a second day.
It was an upbeat end to the week for the NZ sharemarket.
More weak earnings added to the sombre mood.
Earnings reported today were generally upbeat in what’s been a mixed period.
Spark New Zealand hits four-year low.
New Zealand shares rose for a second day.
Fletcher Building and Spark slide but the market has broken a four-day downturn.
New Zealand shares fell for a fourth day.