Summerset Group Holdings Limited (ASX:SNZ – Get Rating) insider Stephen Bull purchased 6,700 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The shares were purchased at an average cost of A$11.45 ($8.42) per share, with a total value of A$76,708.30 ($56,403.16). The company has a current ratio of 0.15, […]
Summerset Group Holdings Limited (ASX:SNZ – Get Rating) announced a final dividend on Tuesday, March 8th, MarketIndexAU reports. Stockholders of record on Tuesday, March 22nd will be paid a dividend of 0.0684 per share on Tuesday, March 22nd. This represents a dividend yield of 0.6%. The ex-dividend date is Tuesday, March 8th. This is a […]
The New Zealand sharemarket had its biggest single-day fall in a year – down more than 1.5 per cent – following another sell-off on Wall Street.
The prosp
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Market close: NZ sharemarket snaps eight-day losing streak
17 May, 2021 05:53 AM
4 minutes to read
Restaurant Brands surged 60c or 4.51 per cent to $13.90. Photo / Dean Purcell
NZ Herald
By: Graham Skellern
The lagging New Zealand sharemarket snapped an eight-day losing streak with a small but significant gain – but global marketer a2 Milk continued its slump. The S&P/NZX 50 Index raced ahead to an intraday high of 12,442.65 by lunchtime but then steadied and closed at 12,410.47, up 42.61 points or 0.34 per cent.
There were 71 gainers and 68 decliners over the whole market on light trading of 33.9 million shares worth $105.15 million.
Greg Smith, head of research with Fat Prophets, said the market had a bit of a relief bounce after the weakness last week. The inflationary concerns aren t going away, and it s a case of the market acclimatising to the prospect of a higher inflation rate and higher interest rates down the track.