Tuesday , October 16 2018
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Tag Archives: NZX 50

While you were sleeping: Greenback extends rally

Wall Street seesawed as the US dollar continued its climb amid bets the Federal Reserve is gearing up to lift interest rates as early as June. “The reason the Fed would raise rates is because growth dynamics are picking up, which would ultimately be a tailwind for markets, though markets …

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Orion Health to join NZX 50 after latest review, NZOG out

Orion Health Group, the health software developer, will join the benchmark NZX 50 index later this month, ousting energy explorer New Zealand Oil & Gas, after the stock market operator’s latest quarterly review. Orion will enter the index on March 23, having met ranking and liquidity requirements for index inclusion, …

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World Week Ahead: Apple Watch, US retail sales

Apple’s new watch, a report on US retail sales, and the European Central Bank’s new quantitative easing programme will take centre stage this week. On Friday, a much better-than-expected US payrolls report fuelled expectations the US Federal Reserve will raise interest rates as early as June. Employers added 295,000 jobs …

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MARKET CLOSE: NZ shares fall; Meridian, MRP, DNZ drop on weakening yield demand

New Zealand shares fell, led by Meridian Energy and MightyRiverPower as demand abated for companies with dependable dividend streams. Warehouse Group rose ahead of reporting its earnings this week. The NZX 50 Index fell 19.579 points, or 0.3 percent, to 5874.082. Within the index, 22 stocks fell, 19 rose and nine were unchanged. Turnover was $156 million. Overnight bond …

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Shares of Arvida edge up 2 percent in debut on NZX

Shares of Arvida Group, the new retirement village operator, rose 2 percent on its NZX debut after its initial public offer raised $80 million in capital which will be used to reduce debt. The stock first traded at 97 cents, before dropping back to its offer price of 95 cents, valuing the company at …

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MARKET CLOSE: NZ shares rise; Spark, Argosy gain on yield hunger

New Zealand shares rose, paced by Argosy Property and Spark New Zealand, as investors sought safer equities in globally choppy markets. Intueri Education Group dropped after upping its ownership in an Australia education group. The NZX 50 Index rose 0.833 points, or 0.02 percent, to 5496.585. Within the index, 21 stocks rose, …

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While you were sleeping: Oil slick spreads

Wall Street swung from gains to losses as investors took positions as US Federal Reserve policy makers prepared to start a two-day meeting on Tuesday, and as oil prices continued their free-fall. Oil tumbled further after United Arab Emirates said oil exporters would not cut output even if prices slide …

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MARKET CLOSE: NZ shares gain on hunt for yield; Meridian, MRP rise

New Zealand shares rose, paced by Meridian Energy and MightyRiverPower, as investors chased stocks with relatively attractive yields. Fonterra Shareholders’ Fund gained after dairy prices fell. The NZX 50 Index rose 17.028 points, or 0.3 percent, to a record close of 5522.056. Within the index, 23 stocks rose, 16 fell and 11 were …

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