Airport, Ryman up as bargain hunters scoop up stock
New Zealand shares rose as buyers came back into the market, led upwards by Auckland International Airport and Ryman Healthcare.
New Zealand shares rose as buyers came back into the market, led upwards by Auckland International Airport and Ryman Healthcare.
Wall Street fell with bank stocks, while some tech shares including Apple continued a rebound from a recent slide.
Neither Ralec nor NZX will get a payout from their seven-year High Court dispute.
Tech stocks rose as investors took advantage of their post-US-election slump.
US Treasuries dropped, while the greenback strengthened amid expectations Trump will boost spending and inflation.
It was perhaps the most surprising trade in a record-setting week on Wall Street.
NZ shares declined at the end of a volatile week that saw Donald Trump win the US presidency.
The NZX-50 index jumped by 3.3 per cent in the opening minutes of trade.
The decline comes after the Commerce Commission released a preliminary decision against the planned merger between NZME and Fairfax NZ.
New Zealand share market correction deepens as fears US political concerns start to mount.
The New Zealand share market has fallen into "correction" - more than 10 per cent down from its record high on September 7.
Cash trading on the NZX increased for a third straight month in October, as investors looked for returns in a low interest rate environment. The
COMMENT: Higher-risk strategy can do really well -- or really badly.
COMMENT: What went wrong? Can directors, management and investors learn any lessons from these corporate collapses?
The collapse this week of former market darlings Pumpkin Patch and Wynyard Group has raised concerns.
The NZ share market could fall into "correction" territory this week - more than 10 per cent down from its record high on September 7.
COMMENT: Our sharemarket has been singled out as one of the best performer's in the world, which is why it's tipped to fall harder than the rest from here on.
Whole milk powder, is expected to rise at this week's GlobalDairyTrade auction after two consecutive declines, according to traders.
A top analyst is warning of a "severe fall" in stock markets.
NZ shares rose slightly, led by Summerset Group Holdings and Air New Zealand, while Steel & Tube Holdings also gained.
NZ shares dropped for the fifth consecutive session to a near-three-month low, led down by Auckland International Airport, Ryman Healthcare and Chorus.
NZ shares fell for the fourth straight session, led lower by Trade Me Group, Chorus and NZME as News Corp sold its stake in the local news provider.
The volume of cash market trading rose 14 per cent to 152,264 last month from the same month a year earlier.
New Zealand shares fell in light trading, with NZX declining on news its chief executive Tim Bennett will leave the stock market operator.
Tim Bennett took on a challenging role, but market participants say NZX's performance has been disappointing.
Tim Bennett will leave his position as CEO a year earlier than expected.
The board says the takeover bid is "opportunistic" and doesn't represent fair value for the company.
New Zealand shares gained, with turnover peaking for the week as investors tidied their portfolios
COMMENT: A strong sense of deja vu has pervaded the NZX, with Ron Brierley purchasing a stake in Wellington Merchants.