Recent Posts

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, 21 fell and eight were unchanged. Turnover was $144 million. Overnight US and …

Read More »

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, 21 fell and eight were unchanged. Turnover was $xx million. Overnight US …

Read More »

NZ dollar pares gain ahead of Fed meeting

The New Zealand dollar pared overnight gains in local trading as investors look to the outcome, tomorrow morning, local time, of the last US Federal Reserve policy meeting of the year, which may provide guidance on the US central bank’s plans to start lifting American interest rates. The kiwi fell to 77.36 US cents at 5pm in Wellington from 77.85 cents at 8am, little changed from …

Read More »