Market close: NZ sharemarket treading water as it awaits company results
30 Apr, 2021 05:54 AM
4 minutes to read
The NZ sharemarket edged ahead to end the week. Photo / File
NZ Herald
By: Graham Skellern
The New Zealand sharemarket ended the week on a quiet note and a small gain, with one fund managing saying it is treading water awaiting the latest mini-reporting season. The S&P/NZX 50 Index edged ahead 15.92 points or 0.13 per cent to 12,731.13, after falling to an intraday low of 12,661.10. There were 66 gainers and 73 decliners over the whole market, with 56.54 million shares worth $192.11 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said the market has been very quiet. One concern is that New Zealand could see high inflation measurements here and overseas over the next several months, with price increases all over the place.
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.
“It’s a positive day across the Asia-Pacific region,” said Dan Stratful, an investment adviser at Forsyth Barr. “Some of the blue chip stocks are rallying, and that’s dragging the index higher.” Transport company Mainfreight touched a record high of $71.99 in intraday trading, and closed up 1.6 per cent at $71.39. The a2 Milk Company gained 1.7 per cent to $7.65, having lost 37 per cent of its value so far this year. The stock is rebounding from its lows after sales of the company’s specialty milk products were disrupted by the pandemic. “It’s been a falling knife up until now,” Stratful said.
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Market close: NZ sharemarket makes small gain as investors await next results
22 Apr, 2021 05:35 AM
4 minutes to read
Tourism Holdings found favourable buying support, rising 5c or 1.85 per cent to $2.75. Photo / Supplied
Tourism Holdings found favourable buying support, rising 5c or 1.85 per cent to $2.75. Photo / Supplied
NZ Herald
By: Graham Skellern
The strong influence of Fisher and Paykel Healthcare pushed the New Zealand sharemarket to a small gain – as investors wait for the next round of corporate results. The S&P/NZX 50 Index increased 42.13 points or 0.34 per cent to 12,577.48 on steady trading of 35.2 million shares worth $150.35 million. There were 65 gainers and 62 decliners over the whole market.