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Stock Market

NZ Stocks Ease In Early Trading

Wellington, March 27 NZPA - The New Zealand sharemarket eased in early trading today, following a retreat on Wall Street -- particularly among financial sector stocks. The benchmark NZSX-50 index slipped 7.9 points or 0.23 percent to 3417.53 in the first 20 minutes.

Market Loses Puff But Sold-down Stocks Rally

by Catherine Harris of NZPA Wellington, March 26 NZPA - After a strong start, the sharemarket slipped into the red today, reflecting a mixed performance in Asia and on Wall St.

NZ Sharemarket Makes Tentative Gain In Early Trading

Wellington, March 26 NZPA - The sharemarket tentatively rose in early trading today after Wall Street had a mixed session influenced by a poor performance from No 2 bank, Bank of America. The rise was despite a hefty drop in consumer confidence to its lowest level in a decade.

NZ Shares Reel In Earlier Gains As Blue Chips Decline

By Melanie Carroll of NZPA Wellington, March 25 NZPA - The sharemarket closed just inside positive territory today, giving up most of its nearly 1 percent gain earlier in the session and fading alongside 4 percent rises around the region.

NZ Sharemarket Lifts 1.2pc After Big Fed Rate Cut

Wellington, March 19 NZPA - The sharemarket rose 1.2 percent in early trade after the US Federal Reserve enacted another 75 basis point rate cut.

Bearish NZ Market Falls Again Despite Respite On Wall St

By NZPA staff Wellington, March 18 NZPA - Share prices fell again when the local market opened today despite Wall Street ending stronger.

NZ Sharemarket Opens Strongly After Wall St Bounce

(eds: repeating H8597 changing to Freightways in sixth par) Wellington, March 25 NZPA - The sharemarket opened strongly this morning after a strong showing on Wall Street.

NZ Shares Fall 1 Percent As Global Sentiment Sours

Wellington, March 20 NZPA - The New Zealand sharemarket hovered above recent two-year lows today, but its 1.2 percent decline was not as steep as losses in Australia and elsewhere.

Market Recovery Improves But Lags Offshore Bounce

By Catherine Harris of NZPA Wellington, March 19 NZPA - The sharemarket rallied in tandem with other equity markets today after an interest rate cut in the United States boosted confidence on Wall St.

NZ Sharemarket Opens Down, Following Us Lead

Wellington, March 20 NZPA - The New Zealand sharemarket gave up some of yesterday's gains when it opened today, following the lead of the US where all three major stock indexes dropped more than 2 percent.

NZ Shares Hit 2-year Low In Wall St Scare

By Catherine Harris of NZPA Wellington, March 17 NZPA - The share market plunged 2 percent today as concerns grew about the US Federal Reserve's ability to contain the credit crisis. The NZSX-50 index slid 71.4 points to a close of 3429.43, its lowest level since March 2006.

NZ Shares Slip 0.3 Pct As Nervous Investors Stay On Sidelines

By Melanie Carroll of NZPA Wellington, March 18 NZPA - The sharemarket lurched between negative and positive today on very light turnover, despite a stronger Wall Street and firmer markets around the region.

Bearish NZ Market Falls Again Despite Respite On Wall St

By NZPA staff Wellington, March 18 NZPA - Share prices fell lower again when the local market opened today. This was despite Wall Street ending stronger today.

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