Market close: Travel stocks surge on transtasman bubble announcement
6 Apr, 2021 05:38 AM
4 minutes to read
Stocks benefiting from the introduction of a transtasman travel bubble rose sharply. Photo / Getty Images
NZ Herald
By: Graham Skellern
Further selling in Contact Energy and Meridian on the New Zealand sharemarket outweighed sharp gains in stocks benefiting from the introduction of a transtasman travel bubble. There was heavy trading in the leading energy renewable stocks as the offshore exchange trade funds rebalance their weightings in the S&P Global Clean Energy Index.
This resulted in the S&P/NZX 50 Index falling 87.82 points or 0.7 per cent to 12,400.48 on volume of 97.6 million share transactions worth $207.54 million. There were 74 gainers and 63 decliners over the whole market.
Market close: Sharemarket falls, Freightways hits new record
14 Dec, 2020 04:38 AM
4 minutes to read
By: Graham Skellern
Courier and information management company Freightways raced to a new high as the New Zealand sharemarket lost ground, dragged down by leading stock Fisher and Paykel Healthcare. Trading opened an hour and a half late because of technical difficulties, and the S&P/NZX 50 Index limped to 12,835.12, down 84.13 points or 0.65 per cent. Volume reached 43.7 million shares worth $162.98 million and there were 82 gainers and 55 decliners over the whole market.
Medical devices exporter
Fisher and Paykel Healthcare is no doubt being buffeted by the rising NZ dollar and it fell $1.16 or 3.49 per cent to $32.07 on trade worth $36m. The NZ dollar charged through 71c against the American greenback and was sitting at US71.11c at 5.45pm, after rising from 70.77c during the day.