Jarden Brief: US bans imports from controversial region of China
18 Feb, 2021 07:46 PM
7 minutes to read
China stands accused of engaging in a cultural genocide against the Uyghur Muslim peoples in the Xinjiang region. Photo / Getty Images
China stands accused of engaging in a cultural genocide against the Uyghur Muslim peoples in the Xinjiang region. Photo / Getty Images
NZ Herald
Jarden
New Zealand:
The NZX closed down 0.3 per cent yesterday. Sector performance was mixed with reporting season well underway. Large-cap stocks Fletcher Building and Ebos filed results yesterday, alongside smaller sized companies NZX and Refining NZ.
The market was led down by a 3.1 per cent fall in Air New Zealand, which traded on high volumes. Retirement village operator Oceania Healthcare (-2.6 per cent) and Kathmandu (-2.2 per cent) rounded out the worst performers. Meanwhile, Refining NZ (+6.1 per cent) rose after a delayed reaction to yesterday s positive result.
Fletcher Building s first-half result could be a taste of things to come?
16 Feb, 2021 04:40 AM
5 minutes to read
Investors will find out tomorrow if New Zealand s biggest building construction and materials manufacturing business can meet its operating earnings forecast of $305 million to $320m in the half-year to December. Fletcher Building is among the first batch of listed companies due to report this season, following Contact Energy s result yesterday.
The $30m from the company s sale of 35ha of controversial land at Ihumātao in Māngere might be included tomorrow: that deal was announced on December 16 and the results are for the six months to December 31.
Market Close: Sharemarket edges closer to correction territory as Covid lockdown bites again
15 Feb, 2021 05:01 AM
4 minutes to read
Local shares fell again as Auckland goes back into Level 3 lockdown
NZ Herald
By: Graham Skellern The latest Auckland lockdown put a dampener on the New Zealand sharemarket and those stocks most affected by the Covid pandemic as the leading index fell another half per cent and moved closer to a real correction.
The S&P/NZX 50 Index was down 79.08 points or 0.63 per cent to 12,510.56, after reaching an intraday low of 12,469.12. With only one gain in 10 trading days this month, the index has fallen nearly 8 per cent from its all-time high of 13,558.19 on January 8.