“We had a pretty good lead out of the US with markets over there rebounding, particularly in the growth stocks,” said Grant Davies, an investment adviser at Hamilton Hindin Greene. “Markets have been sold off quite aggressively over the last month, so there’s been a little bit of a buying in the dip.” Fisher & Paykel Healthcare, the largest stock on the market, rose 2.9 per cent to $29.12, tracking technology growth stocks higher.
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The sharemarket is back in favour as bond yields weakened. Like the Nasdaq, New Zealand s top-50 index was in a technical correction – a fall of 10 per cent or more from its recent peak of 13,558 on January 8.
Jarden Brief: Bitcoin climbs another 5 per cent
10 Mar, 2021 07:24 PM
7 minutes to read
Bitcoin is now valued at US$57,000. Photo / Getty Images
NZ Herald
Jarden
New Zealand Yesterday was a particularly good session for larger stocks with the NZ10 up 1.2 per cent. Meanwhile, the NZ50 rose 0.9 per cent with the rise dominated by the top-performing sectors of healthcare (up 2 per cent), utilities (up 1.5 per cent) and industrials (up 0.9 per cent). The worst performing sectors were energy, down 1.8 per cent and consumer non-cyclicals falling another 1.1 per cent for the day.
Air New Zealand was the biggest gainer of the session advancing 3.5 per cent. Energy generator and retailer Contact Energy rose 3.2 per cent and Fisher and Paykel Healthcare increased 2.9 per cent.
Market close: NZ sharemarket rises on interest rates fall, travel bubble hopes nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Market review: The winners and losers in 2020
28 Dec, 2020 02:02 AM
5 minutes to read
The gap between the winners and losers was bigger than usual as Covid badly affected some stocks and benefited others. Photo / Getty Images
NZ Herald
By: Graham Skellern
In the year of Covid-19, the New Zealand sharemarket has staged a resilient and almost out-of-this-world performance, with a solid group of stocks reaching new highs. When the S&P/NZX 50 Index increased 17.73 points or 0.14 per cent to a record 13,037.94 last Thursday – its third successive day of rises – before closing for the Christmas break, the index had risen 13 per cent for the year.