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Stock Market

IG Markets - Afternoon thoughts

IG Markets - Afternoon thoughts
Good afternoon,

IG Markets Morning Prices

IG Markets Morning Prices
In the US overnight, markets managed to post modest gains despite another jump in Crude Oil prices as tensions in Libya escalated further.

IG Markets - Afternoon thoughts

IG Markets - Afternoon thoughts
Across Asia, regional markets are all lower in afternoon trade after geopolitical tensions in the Middle East rattled investor sentiment once again. Oil prices spiked in response, triggering concerns over there impact on the global economic recovery.

IG Markets - Afternoon thoughts

IG Markets - Afternoon thoughts
Across Asia, regional markets are mixed despite the positive leads from the US overnight and the continuing tensions in Korea and the Middle East. The Nikkei 225 and Shanghai Composite are the best performers, up 0.8% and 0.4% respectively.

Telecom at four-month low, as NZ sharemarket slips early

Telecom at four-month low, as NZ sharemarket slips early
Wellington, Feb 28 NZPA - The New Zealand sharemarket was lower in early trading, with key stock Telecom dropping to its lowest level in nearly four months.

NZ sharemarket closes lower on positive day for others

NZ sharemarket closes lower on positive day for others
Wellington, Feb 25 NZPA - The New Zealand sharemarket posted modest losses on a day some markets finished a week plagued by worries about instability in the Middle East on a positive note.

NZ sharemarket lower early

NZ sharemarket lower early
Wellington, Feb 25 NZPA - The New Zealand sharemarket was down in early trading as assessment continues of the impact of Tuesday's disastrous earthquake in Christchurch and world markets nervously watch turmoil in Libya.

NZ sharemarket slips but profits well-received

Wellington, Feb 24 NZPA - The New Zealand sharemarket fell today but brokers said many of the profit results reported by companies were good and well-received by investors.

NZ sharemarket slips as world markets down

Wellington, Feb 24 NZPA - The New Zealand sharemarket fell in early trading, after equity markets around the world slumped as investors worried about the impact of higher oil prices due to violent unrest in Libya.

NZ sharemarket rises as leading shares post gains

NZ sharemarket rises as leading shares post gains
Wellington, Feb 23 NZPA - The New Zealand sharemarket rose today while other markets fell as key leading stocks rose in reaction to past profit announcements and the prospect of future earnings from reconstructing earthquake ravaged Christchurch.

NZ sharemarket falls early

Wellington, Feb 23 NZPA - The New Zealand sharemarket dropped in early trading, with key stock Telecom back to levels last seen more than two months ago.

Deadly quake pushes weak NZ market lower

Wellington, Feb 22 NZPA - A devastating earthquake in Christchurch this afternoon helped push an already weak New Zealand sharemarket to a two-week low.

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.

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