NZ shares rise on A2 Milk's growth plans
New Zealand shares rose, as investors cheered A2 Milk's growth plans while Tower turned around and Spark dropped.
New Zealand shares rose, as investors cheered A2 Milk's growth plans while Tower turned around and Spark dropped.
The market has been buffeted by major events around the world and the latest set of results has done little in guiding the market as the year nears its end.
Oil rallied, as did energy stocks, after OPEC agreed on details to cut output for the first time in eight years.
The New Zealand dollar rose as the US dollar index extended its slide from a 16-year high.
New Zealand shares dipped with Orion Health Group extending its losses from Monday, while Spark New Zealand and A2 Milk Co gained.
Energy stocks fell with oil prices amid a stalemate about an agreement to cut production.
COMMENT: Borrowing money to invest can supercharge your returns but only in a rising market which is difficult to time.
Bunnings has more than doubled annual net profit in New Zealand for the second year in a row
New Zealand shares were mixed with Orion Health Group and Tower dragging the index lower on their first-half earnings.
Wall Street fell from record highs as investors locked in some profits from the post-US-election rally.
NZ shares were mixed as Orion Health Group plunged following its first half results, while Sky Network Television and Contact Energy gained.
The New Zealand dollar gained as the greenback slipped from a 16-year high.
The stock market operator is seeking feedback on plans to tweak rules for market participants such as brokers and advisers.
COMMENT: There have been a number of developments in involving potential control changes to NZX-listed companies.
The New Zealand dollar was little changed as the US Thanksgiving holiday left markets subdued.
The European Central Bank warned that "the potential for an abrupt reversal remains significant" on financial markets.
Last week's earthquake is likely to put considerable extra pressure on the nation's already stretched construction sector, says ASB chief economist Nick Tuffley.
Hellaby shares trade below takeover price as Bapcor war of words grinds on.
Moa Group narrowed its first-half loss after lifting sales while trimming costs, and said it expects to continue driving revenue growth while holding expenses at bay.
The drop in profit comes after the company faced higher costs and wrote down the value of its stake in NPT.
The New Zealand dollar fell as measures of US durable goods orders and consumer sentiment rose.
The US dollar rose to the highest level in more than a decade.
The New Zealand dollar regained the ground it shed against the greenback overnight and is expected to be relatively range-bound through to the end of 2016.
New Zealand shares rose, led by A2 Milk and Mainfreight which both set new records, while Fisher & Paykel Healthcare fell.
The New Zealand dollar fell on expectations the US dollar will extend its post-election rally.
Wall Street seesawed after reaching fresh record highs amid bets on an upbeat outlook for US economic grow.
COMMENT: Having some of their money outside New Zealand is crucial for long-term investors, Mark Lister writes.
New Zealand shares fell as Metro Performance Glass, Ryman Healthcare and Auckland International Airport declined while A2 Milk gained following its annual meeting.
Bapcor have taken issue with an independent advisor's report on their takeover of Hellaby Holdings.