Market close: Fonterra emerges from trading halt with big dip
7 May, 2021 05:38 AM
4 minutes to read
Fonterra Shareholders Fund fell 30c or 6.52 per cent to $4.30. Photo / File
NZ Herald
By: Graham Skellern
A quiet New Zealand sharemarket caught the end-of-week Fridayitis and closed with a small loss on light trading – and a2 Milk took another dip. The S&P/NZX 50 Index was down 21.74 points or 0.17 per cent to 12,729.92, after trading in a narrow range with an intraday low of 12,699.67. There were 63 gainers and 68 decliners over the whole market of 186 stocks on volume of 36.41 million share transactions worth $124.39 million.
Matt Goodson, managing director of Salt Funds Management, said it was a fairly directionless day. There were some flows into (Smartshares) passive investment funds earlier in the week and now it s pretty quiet.
Seven left-field ideas for housing-related investing
Canny ways to profit from the housing boom include buying into property lenders, self-storage property trusts and emerging telco providers.
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Credit LICs
Alternative lenders that finance residential property developments will benefit from rising prices and fewer loan defaults. The two main listed investment companies (LICs) in this space are the Metrics MCP Master Income Trust and Qualitas Real Estate Income Fund. Both traded at or just above their net tangible assets at end-March.
The VanEck Vectors FTSE International Property (Hedged) ETF REIT provides exposure to about 300 international real estate investment trusts (REITs). State Street’s SPDR Dow Jones Global Select Real Estate Fund is another option. Both exchange traded funds own REITs across a range of property sectors, including residential.
Market close: NZ sharemarket falls as investors digest economic data
5 May, 2021 05:38 AM
4 minutes to read
ANZ New Zealand reported half-year profit increased 18 per cent to $930m. Photo / 123RF
NZ Herald
By: Graham Skellern
Investors stepped back to digest a flow of economic data and what it means as the New Zealand sharemarket fell half a per cent after two days of rises. The S&P/NZX 50 Index was down 63.88 points or 0.49 per cent to 12,848.31 in rocky trading, after hitting an intraday low of 12,759.14 and high of 12,912.19.
There were 61 gainers and 70 decliners over the whole market, with 61.7 million shares worth $232.49 million changing hands.
Market close: NZ sharemarket rides strong Wall St momentum
4 May, 2021 05:43 AM
4 minutes to read
The New Zealand sharemarket posted a gain of more than one per cent. Photo / File
NZ Herald
By: Graham Skellern
The New Zealand sharemarket followed strong momentum on Wall Street by posting a gain of more than one per cent, and was powered by big moves from Mainfreight and a2 Milk. The S&P/NZX 50 Index rose 143.34 points or 1.12 per cent to 12,912.19, after falling to an intraday low of 12,767.04. There were 72 gainers and 50 decliners over the whole market on strong volume of 59 million share transactions worth $231.17 million.
Market close: Vista Group big mover as sharemarket rises
29 Apr, 2021 05:38 AM
4 minutes to read
Vista Group rose 7c or 3.04 per cent to $2.37. Photo / Getty Images
NZ Herald
By: Graham Skellern Market leader Fisher and Paykel Healthcare conducted the heavy lifting and led the New Zealand sharemarket to a gain of half a per cent. Outside of Fisher and Paykel s hard work, the market was in a holding pattern, awaiting the latest round of company financial results.
The S&P/NZX 50 Index picked up 69.06 points or 0.55 per cent to 12,715.20 on steady volume of 34.8 million share transactions worth $170.67 million. There were 49 gainers and 76 decliners over the whole market of 185 stocks.