Market close: Meridian rebound helps lift NZ sharemarket
16 Feb, 2021 04:51 AM
4 minutes to read
By: Graham Skellern
Leading stock Meridian made a welcomed rebound and helped push the New Zealand sharemarket up more than a half per cent – just the second time this month the leading index has made a gain.
After a torrid fall from a high of $9.40 set on January 7,
Meridian – the second biggest market cap stock - climbed 16c or 2.82 per cent to $5.83 on trade worth $21.3 million, after reaching an intraday high of $6.09.
The energy stocks were boosted by the lack of selling from the overseas clean energy exchange-traded funds as the United States market was closed overnight for the Presidents Day holiday.
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.
Market close: Sharemarket sheds another half per cent
11 Feb, 2021 04:35 AM
4 minutes to read
There was unusual activity in Z Energy with nine million shares worth $25.24m changing hands. Z Energy s share price slipped 2c to $2.80. Photo / File
There was unusual activity in Z Energy with nine million shares worth $25.24m changing hands. Z Energy s share price slipped 2c to $2.80. Photo / File
NZ Herald
By: Graham Skellern It was déjà vu on the New Zealand sharemarket. The blue chip stocks were still volatile, trading was again cautious and the market shed another half per cent – having fallen in seven of the