Meridian Energy jumped 4.4 per cent to $7.68. That pushed its market capitalisation to $19.68 billion, making it the most valuable company on the exchange.
NZ shares continue slide as energy stocks falter
12 Jan, 2021 03:24 AM
4 minutes to read
Auckland Airport shares fell by 3.41 per cent in another down day for the sharemarket. Photo / Peter Meecham.
Auckland Airport shares fell by 3.41 per cent in another down day for the sharemarket. Photo / Peter Meecham.
NZ Herald
By: Graham Skellern
The energy stocks, without the buying support of the overseas exchange traded funds, faltered for the second day running as the New Zealand sharemarket dropped nearly one per cent. With profit-taking still prevalent, the S&P/NZX 50 Index closed down 106.40 points or 0.8 per cent to 13,183.69 on steady volume of 49.8 million share transactions worth $164.56m. There were 56 gainers and 81 decliners over the whole market.
Market close: Energy stocks in good demand
16 Dec, 2020 04:40 AM
4 minutes to read
Leading energy stocks were pursued by overseas investors. Photo / File
NZ Herald
By: Graham Skellern
The New Zealand sharemarket roared back into life, rising nearly half a per cent on strong trading with the leading energy stocks being pursued by overseas investors. The S&P/NZX 50 Index climbed 61.82 points or 0.48 per cent to 12,828.99, after two days of falls and hitting an intraday low of 12,761.33. There were 88 gainers and 53 decliners over the whole market, with 107.5 million shares worth $314.6 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said there was a reasonable overnight in the United States (the Dow Jones Industrial Average rose 1.13 per cent to 30,199.31) and the New Zealand and Australian markets bounced back after being quite weak at the close the day before.