Tag Archives: NZX 50

The NZX 50 Index outperformed its Australian, European and UK counterparts in the past quarter, s pushed higher by confidence after August’s reporting season and a rally in listed electricity generator-retailers based on political relief, which boosted the index to record levels. The benchmark index gained 2.2 percent in the three months ended Sept. 30, in contrast to and outperforming Australia’s S&P/ASX …

New Zealand shares fell on the last day of quarter as investors locked in profits from a 2.2 percent gain over the period. Meridian Energy and Genesis Energy paced the day’s decline. The NZX 50 Index fell 4.47 points, 0.1 percent, to 5255.037. Within the index, 22 stocks fell, 17 rose and 11 were unchanged. Turnover was $173 million. The benchmark index advanced …

New Zealand shares fell, as the NZX 50 Index dropped from a record in a global sell off as investors took the opportunity to crystallise the bourse’s gains. Meridian Energy snapped six days of gains as it shed rights to its dividend. Spark New Zealand and Fletcher Building paced the decline. The NZX 50 Index fell 24.373 points, or 0.5 percent, to …

New Zealand shares rose as energy companies extended yesterday’s gains after the incumbent National-led government’s convincing general election win on Saturday, lifting the threat of further regulation for the power sector. Kathmandu Holdings fell after reporting a decline in annual earnings. The NZX 50 Index rose 5.151 points, or 0.1 percent, to 5241.443. Within the index, 23 stocks rose, 16 fell and 11 were …

New Zealand shares jumped, led by MightyRiverPower, after the National Party’s convincing election victory on the weekend wiped out any regulatory fears for the power companies. Meridian Energy, Genesis Energy and Contact Energy paced gains. The NZX 50 Index advanced 54.947 points, or 1.1 percent, to 5236.292. Within the index, 27 stocks rose, 13 fell and 10 were unchanged. Turnover was $144.2 million. During the …

New Zealand shares rose in a global rally as Wall Street climbed to records overnight, while a falling New Zealand dollar further supported local stocks. Kathmandu Holdings rose, paced by Fletcher Building and A2 Milk Co. The NZX 50 Index gained 27.163 points, or 0.5 percent, to 5181.345. Within the index, 32 stock rose, nine fell and nine were unchanged. Turnover was $153 million. …

New Zealand stocks rose, pushing the NZX 50 Index to a new record, as investors welcomed Fisher & Paykel Healthcare’s continued release on new products and the Reserve Bank said it had intervened in the currency market to try to force the kiwi down. The NZX 50 rose 18.55 points, or 0.4 percent, to 4640.27. Within the index, 23 stocks …

Property for Industry led the NZX50 up before lunchtime today as it announced a deal to merge with Direct Property Fund, an unlisted PIE in the same sector, to create a commercial property empire worth close to $800 million. PFI shares were up 4.9 percent at 11am, at $1.40, and were showing a 14.1 percent gain over the last 12 …

New Zealand shares rose, extending the NZX 50 Index’s gain to a new record, as investors piled into Diligent Board Members Services and rewarded Warehouse Group earnings growth and bigger dividend. The NZX 50 rose 20.54 points, or 0.5 percent, to 4354.02, the highest since the index it was created in 2003. Within the index, 25 shares rose, 15 fell …

Alternative milk marketer A2 Corp is set to join the NZX 50 index after qualifying in the February review, and will topple rural services firm PGG Wrightson from the benchmark bourse. The change will come into effect from the open of trading on March 18, stock exchange operator NZX said in a statement. Shares in Wrightson rose 2.6 percent to …