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NZ sharemarket up 1.8pc early
The New Zealand sharemarket has risen strongly in early trade, with the benchmark NZX-50 up 1.8 per cent.
The New Zealand sharemarket has risen strongly in early trade, with the benchmark NZX-50 up 1.8 per cent.
The New Zealand sharemarket has recovered from two days of falls, but the NZ dollar fell back from an initial rebound.
The New Zealand stock exchange is soaring ahead this morning, with the benchmark NZX-50 up nearly 4 per cent in early trading.
New Zealand shares are still falling this morning, with the local market down 3 per cent after big overnight losses on US and European exchanges.
The New Zealand stock exchange closed today down 2.78 per cent after sharp falls earlier today, but more markets around the world are continuing to suffer from investor concerns about the downgrading of the US credit rating.
Experts say the NZ stock exchange will not be taking a hammering when it opens tomorrow morning despite shockwaves from the US.
Australian and Japanese sharemarkets have plunged more than 4pc on opening, after a rough night on European and US exchanges. The NZX-50 is down 2.4pc.
The New Zealand Stock Exchange has fallen to its lowest level since December, falling 2.5 per cent this morning after a global slump in world equity markets.
Kathmandu said full-year pretax earnings rose between 31 per cent and 36 per cent on new store openings, favourable weather and better inventory management.
The Financial Markets Authority is looking into the NZX's disclosures around its disputed purchase of Australia's Clear grain exchange.