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Stephen Wright

NZ Suffers Wall Street Hangover

Wellington, Sept 16 NZPA - The New Zealand stock market recovered a little by the end of trading today, after it plunged about 3 percent during the day in the fallout from Wall Street's woes.

NZ Sharemarket Gives Up Gains After Rate Cut

Wellington, Sept 11 NZPA - The New Zealand sharemarket gave up gains it made on the Reserve Bank's surprise 50 basis point rate cut to end lower.

NZ Sharemarket Closes Slightly Higher

Wellington, Sept 1 NZPA - The New Zealand sharemarket recovered from early weakness to close up, mostly reflecting trading in top stock Telecom. Telecom closed down 4c at 323 but recovered from a low of 311 on a day it went ex dividend.

NZ Sharemarket Lower In Quiet Session

Wellington, Aug 27 NZPA - The New Zealand sharemarket closed a fairly quiet session lower as the profit reporting season continued. The benchmark NZSX-50 index closed down 2.48 points at 3318.52. There were 45 rises and 32 falls and turnover was worth just $64.9 million.

NZ Sharemarket Ends Flat

Wellington, Aug 21 NZPA - The New Zealand sharemarket nudged into positive territory today to outperform weak Asian markets as the annual reporting season wound up.

Solid Start To Week For NZ Sharemarket

by Pam Graham of NZPA Wellington, Aug 11 NZPA - The New Zealand sharemarket started the week solidly, after US stocks ended last week by soaring.

Warehouse Down, But Wider Market Gains

by Pam Graham of NZPA Wellington, July 31 NZPA - Shares in retailer The Warehouse tumbled today, following a Court of Appeal decision preventing takeover bids by Woolworths and Foodstuffs.

NZ Sharemarket Follows Overseas Lead, Bouncing 1.6 Pct

Wellington, July 30 NZPA - The stock exchange followed the lead of overseas markets with a 1.6 percent bounce today. Top stock Telecom gained 9c, or 2.5 percent, to 368 as investors dragged the stock further up from a low of 325 a fortnight ago.

NZ Shares Drift To Uninspiring Close

By Melanie Carroll of NZPA Wellington, June 10 NZPA - The sharemarket held up today while other markets around Asia gave up ground, but shares drifted to an uninspiring close on minimal volume.

Shares Steady After Credit-Fuelled Fall

By Catherine Harris of NZPA Wellington, June 4 NZPA - New Zealand shares steadied today from yesterday's dramatic 2.3 percent plunge over more international credit jitters.

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