Market close: NZX ends week up more than 3%
Investors rewarded those companies reporting better-than-expected financial results.
Investors rewarded those companies reporting better-than-expected financial results.
And Skellerup ends a week of reporting on the NZ Exchange.
What is happening on the markets this week.
Heavyweight stocks again dominated proceedings and the direction.
Financial Times: Shares that once traded at almost €200 are now worth a little over €1.
Airbnb, which was founded 12 years ago, has long been expected to go public.
Online sales buoys clothing retailer.
The S&P/NZX 50 Index shed much of its gains from the previous day.
Financial Times: It was a small gain but a big milestone.
Could F&P Healthcare's earnings upgrade be too conservative?
New lockdown means tougher end to 2020 but China growth offers some light at end of tunnel
The S&P/NZX 50 Index was boosted by better-than-expected company results.
Financial Times: Berkshire Hathaway needs to do more than buy gold to regain glory days.
Financial Times: Structural shifts within markets have undermined a popular strategy.
However, the company managed to increase its dividend for the 12th year in a row.
F&P Healthcare said Covid-19 demand would drive earnings sharply higher in 2021.
And household stimulus spending boosts JB Hi-Fi.
The S&P/NZX 50 Index gained 1.93 per cent.
The New Zealand sharemarket finished a nervous week almost where it started.
Jarden and Credit Suisse have terminated their joint strategic alliance.
Surprise movements in markets as prices rebound.
The re-emergency of Covid-19 has cast more doubt on NZ corporate earnings.
New Zealand sharemarket struggled for a direction as nervousness crept in over Covid-19.
Demand for capital and increased share trading drove the result.
Announcements of subsidies and easing may have stemmed expected sell-off.
Central bank could lend direct to retail banks to ensure OCR cuts get to customers.
So gallant over the past four months, the NZX slumped 1.32 per cent today.
Financial Times: 'Blank cheque' companies account for one in five dollars raised in IPOs.
Back to the drawing board for economists trying to make forecasts.