![Stocks lift as 'bargain-hunters' make move on Steel & Tube](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Stocks lift as 'bargain-hunters' make move on Steel & Tube
New Zealand shares rose as Steel & Tube Holdings rebounded from Thursday's sell-down and Metro Performance Glass gained.
New Zealand shares rose as Steel & Tube Holdings rebounded from Thursday's sell-down and Metro Performance Glass gained.
COMMENT: The domestic sharemarket has continued its march ahead, with the S&P/NZX 50 Index moving through 7000 points for the first time ever.
New Zealand shares fell as investors punished Steel & Tube Holdings for its recent issues over product quality.
Shares in Steel & Tube Holdings have fallen to their lowest level since the aftermath of the September 11 attacks.
Shares in the struggling childrenswear retailer have dropped by 9pc in trading, following similar sharp falls last week.
New Zealand shares gained as Fletcher Building reached its highest level this year on speculation it will benefit from housing demand.
New Zealand's benchmark stock index hit a record high, led by Air New Zealand and Tower, while Steel & Tube Holdings continued to decline.
NZX will start making confidential enquiries of listed companies that experience unexplained share price movements.
New Zealand shares fell as Tower dropped after reporting a wider full-year loss and Air New Zealand dropped to an 18-month low.
New Zealand shares rose as Sky Network Television gained on perceptions it may be closer to fair value.
NZX chief executive Tim Bennett says settling the long-running dispute with the former owners of the Clear Grain Exchange would have been in both parties' interests.
New Zealand shares fell from a record high as speculation about a Federal Reserve rate hike next month drove up the US dollar
As the benchmark S&P/NZX50 share index heads towards yet another record high, NZX chief executive Tim Bennett says the market is in great shape.
Do we have the foundations in place to ensure New Zealand's capital market can perform, asks Tim Bennett
The NZX is launching new dairy futures and options contracts as a way to lessen the volatility in milk prices.
The emergence of new investor groups such as iwi and community trusts will introduce additional liquidity into the private equity sector, says the latest EY survey.
New Zealand shares rose, pushing the S&P/NZX 50 Index to a new record on expectations Meridian Energy will be a key beneficiary of proposed changes to electricity transmission charges.
Spark, Precinct Properties and energy firms among the falls but Xero goes against trend to extend Friday's gains.
New Zealand shares joined a slide in equity markets that started on Wall Street and continued into Asia.
New Zealand shares reached a fresh record, as Orion Health Group advanced while Sky Network Television's losing streak continued.
NZX director Neil Paviour-Smith told the High Court the company spent no more than A$10 million on developing the Clear Grain Exchange.
NZX director and Forsyth Barr managing director Neil Paviour-Smith has rejected Ralec's claims in the High Court.
Former NZX chief executive Mark Weldon was under pressure from his board over the his performance when he stopped funding for Clear Grain Exchange.
$300 million raised in float will help fund overseas expansion as shares jump 5.2% on first day of trading.
The Tegel shares were widely expected to trade at a premium to the $1.55 IPO price.
New Zealand shares fell after Westpac Banking Corp posted earnings that missed estimates on increased impairments.
COMMENT: Tegel's sharemarket listing could be the most high-profile float the NZX will see this year. But the company is taking a low-key approach to its big day.