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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 t ....
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. Share 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. ....