Wynyard price could start low
Market players are expecting Wynyard Group to be priced towards the lower end of its $1.10 to $1.65 range in its book build tomorrow.
Market players are expecting Wynyard Group to be priced towards the lower end of its $1.10 to $1.65 range in its book build tomorrow.
Europe's main stock markets rode out a rollercoaster session after heavy losses in Tokyo on investor fears of central banks pulling the plug on their extraordinary stimulus measures.
With global short-term interest rates at close to zero and a number of central banks pumping liquidity into markets as fast as their printing presses allow.
Shares in New Zealand and Australia's largest gold producers have bombed in recent weeks, with Australian giant Newcrest Mining shedding A$9 billion ($10.72 billion) in share value.
Shares in cloud-computing software company Xero hit a new high yesterday despite the NZX 50 index having another day in the red.
The aim of balancing the books to reduce government debt ignores a fundamental lesson from the GFC, writes Peter Lyons.
An air of optimism about the US economy has put the skids under the New Zealand dollar and a drop below US78c could herald further falls, market strategists said.
The NZX-50 had a flat day yesterday, barely halting its downward trend which kicked off on May 13 - just days after the listing of Mighty River Power.
The New Zealand sharemarket is expected to remain volatile over coming weeks as investors take profits amid jitters over the US Federal Reserve turning off its money tap.
Economists still expect a "bumper" season for New Zealand dairy , despite the first online auction for 2013/14 starting on a soft note.
Shares in the newly-listed technology firm SLI Systems are up a further 25 per cent today.
Jason Braid, of Mainfreight USA, apologises in advance to any Americans he might offend.
Shares in the newest member of the NZX, SLI Systems, have jumped 18.67 per cent from its initial public offer price.
Technology company SLI Systems listed on the NZX this morning and its shares climbed more than 18 per cent in early trading.