NZ shares fall; Kathmandu sinks after raising funds at steep discount
New Zealand shares fell, led by a slump in Kathmandu Holdings.
New Zealand shares fell, led by a slump in Kathmandu Holdings.
The kiwi was trading at 59.28 US cents at 5pm.
The country's meat processors are still functioning, but at reduced capacity.
New Zealand shares rose as investors revisited some of the hardest hit stocks.
The kiwi was trading at 59.48 US cents at 5pm.
Investors remain jittery as the pandemic continues to strangle the economy.
New Zealand shares rose as institutional investors increased their exposure to equities.
The kiwi was trading at 60.16 US cents at 5pm.
The S&P/NZX50 rose 104.46 points, or 1.1 per cent, to 9,661.19.
Supermarkets are coming under scrutiny as demand soars during the lockdown.
New York asset manager is appointed by the central bank to run new easing programmes.
Cameron Watson of Jarden outlines some key pointers from investors.
The Kiwi dollar was trading at 59.90 cents at 5pm.
It has been weeks since the market had three strong days in a row.
New Zealand shares rose for a third day.
The kiwi was trading at 58.33 US cents at 5pm.
Investors are bracing for a wave of capital raisings as a result of Covid-19.
New Zealand shares rose for a second day.
The Government's move into lending is huge. Hugely risky, and hugely important.
The kiwi was trading at 57.81 US cents at 5pm.
Investors are waiting for politicians to settle their differences over US$2 trillion aid.
The government today ratcheted up its response to Covid-19.
The kiwi was trading at 56.38 US cents at 5pm.
The market is in for another rough ride.
Markets will remain highly volatile as Covid-19 continues to spread around the world.
Dairy and the dollar are working in our favour.
The Reserve Bank has stepped in to help smooth money markets.
Air New Zealand tumbling by a third after coming off a trading halt.