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Stock Market

NZ sharemarket falls further in early trading

Wellington, Feb 22 NZPA - The New Zealand sharemarket followed on from yesterday's tumble to fall further in early trade, after oil prices charged to fresh 2-1/2 year highs as traders reacted to increasing violence in major producer Libya.

NZ sharemarket starts week on back foot as key shares fall

NZ sharemarket starts week on back foot as key shares fall
Wellington, Feb 21 NZPA - The New Zealand sharemarket started the week on the back foot with declines in key shares, including Telecom and Fletcher Building. The benchmark NZX-50 index fell a whopping 30 points to 3381.93, after reaching a high on Friday when it closed up 17 points.

NZ sharemarket falls early

Wellington, Feb 21 NZPA - The New Zealand sharemarket was lower in early trading at the start of the week, with declines in key shares, and PGG Wrightson was down after a second possible bidder ruled itself out of the running for the company.

NZ sharemarket ends week on strong footing

NZ sharemarket ends week on strong footing
Wellington, Feb 18 NZPA - The New Zealand sharemarket ended the week on a strong footing, following stunning gains from stocks including Sky TV and Abano Healthcare.

NZ sharemarket flat early

Wellington, Feb 18 NZPA - OceanaGold continued its rapid recent rise in early trading after yesterday announcing a 29 percent gain in revenue for the 2010 calendar year to $US305.6 million ($NZ402.8m).

NZ sharemarket closes on a high, adds 11 points

NZ sharemarket closes on a high, adds 11 points
Wellington, Feb 17 NZPA - The New Zealand sharemarket closed on a high note, with gold producer OceanaGold continuing its golden run.

NZ sharemarket slips early

Wellington, Feb 17 NZPA - The New Zealand sharemarket fell in early trade as key stock Telecom dropped 4c.

NZ market closes on quiet note despite promising results

NZ market closes on quiet note despite promising results
Wellington, Feb 16 NZPA - The New Zealand sharemarket closed on a quiet note despite Fletcher Building reporting promising half year results.

NZ sharemarket down early

Wellington, Feb 16 NZPA - The New Zealand sharemarket fell in early trading as miner OceanaGold gave up some of the gain of almost 10 percent it made yesterday. OceanaGold shares opened down 8c to 367, having risen 33c yesterday after reporting an increase in its South Island reserves.

NZ sharemarket closes on positive note

NZ sharemarket closes on positive note
Wellington, Feb 15 NZPA - The New Zealand sharemarket closed on a positive note today, with Freightways proving to be the biggest gainer of the day.

Freightways highlight as NZ sharemarket starts flat

Freightways highlight as NZ sharemarket starts flat
Wellington, Feb 15 NZPA - Freightways' shares pushed to a one-year high with a strong early gain, following a good showing yesterday after the company reported firm second quarter growth.

NZ sharemarket flat early

NZ sharemarket flat early
Wellington, Feb 14 NZPA - The New Zealand sharemarket was flat in early trading as the reporting season continued with Freightways announcing a 9 percent rise in half year net profit, with a strong second quarter.

NZ sharemarket edges up as earnings season continues

NZ sharemarket edges up as earnings season continues
Wellington, Feb 11 NZPA - The New Zealand sharemarket edged ahead today and there was plenty for investors to digest with Telecom reporting earnings and Sir Ron Brierley's Guinness Peat Group (GPG) signalling its break up.

Telecom edges up as NZ sharemarket starts day well

Wellington, Feb 11 NZPA - Telecom shares edged up after the company reported half year profit fell by about a third, and Guinness Peat Group gained after announcing it was about to start a sell down of its assets.

NZ sharemarket falls even as results impress

NZ sharemarket falls even as results impress
Wellington, Feb 10 NZPA - Logistics company Mainfreight delivered a strong result from a global business today and its share price fell 2.3 percent as profit-taking took over as the main theme in many markets.

NZ sharemarket falls early

Wellington, Feb 10 NZPA - The New Zealand sharemarket fell early, with Mainfreight down 15c after reporting a 27 percent rise in nine-month net surplus before abnormals to $34.6 million.

NZ sharemarket little changed as earnings awaited

Wellington, Feb 9 NZPA - The New Zealand sharemarket rose modestly today as investors waited for the corporate reporting season to gear up. Telecom, which reports half-year earnings on Friday, rose 3c to 221, while Freightways rose 2c to 328 ahead of its interim result on Monday.

NZ sharemarket edges up early

NZ sharemarket edges up early
Wellington, Feb 9 NZPA - The New Zealand sharemarket rose modestly in early trade, after the market yesterday retreated from a 29-month high.

NZ sharemarket closes below new 29-month high

Wellington, Feb 8 NZPA - The New Zealand sharemarket briefly edged up to a new 29-month high during the session today but ended with a touch of pessimism, as the market heads into the results season.

NZ sharemarket briefly at new 29-month high

NZ sharemarket briefly at new 29-month high
Wellington, Feb 8 NZPA - The New Zealand sharemarket briefly edged up to a new 29-month high when it opened today, then eased lower with key stock Telecom losing more than 1 percent. Telecom lost 3c to 218 early, with Hellaby Holdings down 2c to 219.

Fletcher Building propells NZ sharemarket higher

Fletcher Building propells NZ sharemarket higher
Wellington, Feb 7 NZPA - The New Zealand sharemarket rose today as Fletcher Building shares pushed to a three month high and after the United States market had its best week in about two months.

Modest early gain for NZ sharemarket

Wellington, Feb 7 NZPA - The New Zealand sharemarket started the week with a modest early gain, after stocks in the United States had their best week in about two months. Around 10.15am the benchmark NZX-50 index was up 2.15 points to 3369.97, after gaining 17.9 points on Friday.

Investors punish downgrades, PGG Wrightson rises

Investors punish downgrades, PGG Wrightson rises
Wellington, Feb 4 NZPA - Investors punished Tourism Holdings and Michael Hill for delivering bad news, while PGG Wrightson soared when it revealed a potential new bidder.

Firm start by NZ sharemarket

Firm start by NZ sharemarket
Wellington, Feb 4 NZPA - Shares in farming services company PGG Wrightson rose in early trading after news of a possible second bidder, while Tourism Holdings (THL) fell sharply after advising the market of a "sudden and severe" revenue drop last month.

New Zealand stockmarket ends little changed

New Zealand stockmarket ends little changed
Wellington, Feb 3 NZPA - The New Zealand sharemarket ended a fairly quiet session slightly lower, although brokers said good volumes were traded in leading shares.

NZ stockmarket rally runs out of steam

NZ stockmarket rally runs out of steam
Wellington, Feb 2 NZPA - The New Zealand sharemarket rode along with a global stockmarket rally today but with less vigour than other markets.

NZ stocks follows world markets higher

NZ stocks follows world markets higher
Wellington, Feb 2 NZPA - The New Zealand sharemarket rose strongly in early trading, after global stocks jumped more than 1 percent and safe haven assets such as bonds fell as news of strong manufacturing data worldwide lifted risk appetites, and worries about unrest in Egypt eased.

Banking stock debuts cautiously in positive market

Banking stock debuts cautiously in positive market
Wellington, Feb 1 NZPA - Shares in the newly merged Building Society Holdings opened cautiously on the New Zealand sharemarket as investors held back, with the shares opening at 95c, before easing in a positive market.

Building Society Holdings shares start trading

Building Society Holdings shares start trading
Wellington, Feb 1 NZPA - Shares in new listing Building Society Holdings opened at 95c on the New Zealand sharemarket but quickly fell away to 88c.

Fletcher Building falls, market wobbles on Egpyt concerns

Fletcher Building falls, market wobbles on Egpyt concerns
Wellington, Jan 31 NZPA - Fletcher Building shares fell in a weak market today after the company upped its bid for Australian plumbing supplies firm Crane Group, winning the approval of Crane's board.

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