Tag Archives: NZX

Fund manager AMP Capital, which manages $16 billion, expects a string of investment opportunities on the New Zealand sharemarket will suck up to $2 billion in new funds from investors this year, reversing the trend of the last decade. Head of equities Guy Elliffe told a client presentation in Wellington that the local stock exchange faces a “materially” busier year …

New Zealand shares fell, paced by gold miner OceanaGold and casino operator Sky City Entertainment Group ahead of their earnings this week. Turners Auctions rose after meeting guidance and lifting its dividend. The NZX 50 Index rose 2.38 points, or 0.1 percent, to 4218.12. Within the index, 21 stocks fell, 14 rose and 15 were unchanged. Turnover was $112 million. …

Cash market trades on the NZX jumped by 33 percent in January from the same month last year, driven by share transactions. Total trades rose to 69,281 and the value of trading rose 66 percent to $2.3 billion, NZX said in its monthly shareholder metrics. The average daily value of trading rose 51 percent to $106 million. The NZX 50 …

Comvita, which uses produces health products from manuka honey and olive leaves, has bought an 85 hectare organic olive estate with potential to expand its production of olive leaf extracts by 130 percent over the next five years. The price paid for Organic Olives (Aust) by Comvita’s Australian subsidiary is undisclosed. The estate comprises some 7,000 certified organic olive trees, …

NZX boss Tim Bennett featured in the final NZX stock filing for 2012, an announcement that he has acquired 1.58 million shares in the bourse operator from his long-term incentive scheme. The stock exchange’s chief executive acquired the $1.87 million stake, which amounts to 0.6 percent of the company’s shares on issue, as part of his incentive scheme, according to …