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Stock Market

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.

New Zealand sharemarket tumbles early

New Zealand sharemarket tumbles early
Wellington, Jan 31 NZPA - The New Zealand sharemarket tumbled in early trading, after stocks in the United States ended last week with their biggest one-day loss in nearly six months as anti-government rioting in Egypt prompted investors to flee to less risky assets.

New Zealand sharemarket ends little changed

New Zealand sharemarket ends little changed
Wellington, Jan 28 NZPA - The New Zealand sharemarket finished little changed today, as key stock Fletcher Building remained in a trading halt which started before the market opened yesterday.

Quiet start for NZ sharemarket

Wellington, Jan 28 NZPA - The New Zealand sharemarket started the day quietly, as key stock Fletcher Building remained in a trading halt which started before the market opened yesterday.

Pumpkin Patch shares plunge on profit downgrade

Pumpkin Patch shares plunge on profit downgrade
Wellington, Jan 27 NZPA - Pumpkin Patch shares plunged 10 percent to an 18-month low today after the children's clothing retailer warned that its annual profit may fall by 37 percent.

NZ sharemarket edges lower early, halt on Fletcher Building

Wellington, Jan 27 NZPA - The New Zealand sharemarket edged lower in early trading after Reserve Bank Governor Alan Bollard left the official cash rate at 3 percent, as widely expected.

Hallenstein Glasson shares fall, NZX shares rise

Hallenstein Glasson shares fall, NZX shares rise
Wellington, Jan 26 NZPA - Shares in Hallenstein Glasson were knocked back hard on the New Zealand sharemarket after the clothing retailer said it expected half-year net profit to be between 13 and 18 percent lower than a year earlier.

Hallenstein Glasson shares hit hard after earnings update

Wellington, Jan 26 NZPA - Shares in Hallenstein Glasson were knocked back hard in early trading on the New Zealand sharemarket after the clothing retailer said it expected half year net profit to be between 13 and 18 percent lower than a year earlier.

Telecom retreats from 11-month high

Telecom retreats from 11-month high
Wellington, Jan 25 NZPA - Telecom shares retreated from an earlier 11-month high and the New Zealand sharemarket turned away from a strong start as the initial boost from a good showing by United States blue chips faded.

NZ sharemarket starts strong

Wellington, Jan 25 NZPA - Telecom shares edged up to an 11-month high as the New Zealand sharemarket started the day strongly, following a good showing by blue chips in the United States.

NZ sharemarket closes flat on holiday reduced day

NZ sharemarket closes flat on holiday reduced day
Wellington, Jan 24 NZPA - The New Zealand sharemarket closed flat after rising slightly in early trading after receiving a positive lead from Wall Street on Friday.

NZ sharemarket opens slightly higher

NZ sharemarket opens slightly higher
Wellington, Jan 24 NZPA - The New Zealand sharemarket opened slightly higher and trading is expected to be reduced today by the Wellington Anniversary holiday. The benchmark NZX-50 was up 2.747 points at 3355,469 in early trading.

Air NZ shares down but market posts modest gains

Air NZ shares down but market posts modest gains
Wellington, Jan 21 NZPA - The New Zealand sharemarket posted modest gains while other markets posted losses today and investors largely took a move into the Australian market by Air New Zealand in their stride.

Air NZ shares down after buying Virgin Blue stake

Air NZ shares down after buying Virgin Blue stake
Wellington, Jan 21 NZPA - Air New Zealand shares were down in early trading after the company announced it had paid $A145 million for a 14.9 percent share in Australian-based airline Virgin Blue.

NZ sharemarket posts modest losses

NZ sharemarket posts modest losses
Wellington, Jan 20 NZPA - The New Zealand sharemarket posted modest losses on a day in which global equity markets were weak after the S&P 500 suffered its biggest decline in two months.

NZ sharemarket opens weakly

Wellington, Jan 20 NZPA - The New Zealand sharemarket continued its downward trend for the week this morning, following losses in the United States and failing to reflect gains made in Australia and Japan markets yesterday.

Kathmandu's shares rise on earnings guidance, market flat

Kathmandu's shares rise on earnings guidance, market flat
Wellington, Jan 19 NZPA - Shares in outdoor clothing and equipment company Kathmandu Holdings closed up 14 percent today, after the company tipped a 20 percent to 26 percent rise in interim earnings from a strong sales performance in December and this month.

Kathmandu shines in early sharemarket rise

Kathmandu shines in early sharemarket rise
Wellington, Jan 19 NZPA - Shares in outdoor clothing and equipment company Kathmandu Holdings rose 5 percent in early trading, after the company announced a strong sales performance in December and this month.

NZ sharemarket remains in red

NZ sharemarket remains in red
Wellington, Jan 18 NZPA - The New Zealand sharemarket remained in the red today, refusing to follow the lead of a stronger Australian market and getting no steer from the United States where markets were closed for a public holiday.

NZ sharemarket slips early

Wellington, Jan 18 NZPA - The New Zealand sharemarket slipped in early trading, with no lead from markets in the United States, which were closed for a public holiday. About 10.15am, the benchmark NZX-50 index was down 1.4 points to 3352.91, having ended down 15.6 points yesterday.

NZ sharemarket starts week in retreat

NZ sharemarket starts week in retreat
Wellington, Jan 17 NZPA - The New Zealand sharemarket drifted lower today as Asian markets wobbled on worries that China's latest move to control its economy could reduce demand in Asia.

Small early rise for NZ shares

Wellington, Jan 17 NZPA - The New Zealand sharemarket started the day with a small rise, following a solid end to last week in the United States where the Standard & Poor's 500 index chalked up a seventh straight week of gains.

NZ sharemarket slips from 28-month high yesterday

NZ sharemarket slips from 28-month high yesterday
Wellington, Jan 14 NZPA - The New Zealand sharemarket retreated from a 28 month high today after international markets weakened. Brokers said there was some profit-taking ahead of the weekend and ahead of December quarter inflation data next week.

NZ sharemarket slips early after 28-month high yesterday

NZ sharemarket slips early after 28-month high yesterday
Wellington, Jan 14 NZPA - The New Zealand sharemarket slipped in early trade after rising to a 28-month high yesterday. Around 10.15am the benchmark NZX-50 index was down 1.45 points to 3372.26, having yesterday ended up 39.1 points.

NZ sharemarket rises to highest level in 28 months

NZ sharemarket rises to highest level in 28 months
Wellington, Jan 13 NZPA - The NZX-50 index rose to its highest level in 28 months today after a successful bond auction in Portugal saw European and United States markets post solid gains.

NZ shares start firmly

NZ shares start firmly
Wellington, Jan 13 NZPA - New Zealand shares rose firmly in early trading after stocks gained in Europe and the United States following a successful bond auction in Portugal that eased worries about Europe's debt crisis.

NZ shares post small gain in quiet trade

Wellington, Jan 12 NZPA - The New Zealand sharemarket rose modestly today with brokers noting strength in selected stocks like Vector.

NZ shares show modest early rise

Wellington, Jan 12 NZPA - The New Zealand sharemarket rose modestly in early trading as insurer Tower slipped and Fletcher Building gained. Around 10.15am the benchmark NZX-50 index was up 3.7 points to 3333.46, having yesterday gained 5.7 points.

NZ shares a fraction higher in holiday-style market

NZ shares a fraction higher in holiday-style market
Wellington, Jan 11 NZPA - Activity remained subdued on the New Zealand sharemarket today with little news about specific stocks, and the market not reacting to a steady stream of economic news.

NZ shares fall in early trading

Wellington, Jan 11 NZPA - The New Zealand sharemarket fell in morning trade, after inching up yesterday. Around 10.15am, the benchmark NZX-50 index was down 5.2 points at 3318.8, having yesterday ended up 6.1 points.

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