Recent Posts

NZ monthly net migration at 4-year high in June as Australian attraction dwindles

New Zealand’s monthly inbound migration rose to a four-year high in June as more kiwis stayed at home amid the dwindling attraction of Australia’s slowing economy. Seasonally adjusted, there were 2,300 more migrants arriving in New Zealand than leaving in June, up from 1,740 a month earlier, and the most since May 2009, according to Statistics New Zealand. Permanent long-term …

Read More »

Wynyard Group falls 4.3 percent in NZX debut, stays just inside indicative range

Wynyard Group, the local spy software developer, fell 4.3 percent in its NZX debt, having listed at the $1.15 offer price. The shares recently traded at $1.10, valuing the company at $112.8 million, with about 370,000 shares changing hands on turnover of some $425,000. That’s just inside the indicative range of between $1.10 and $1.65 in the firm’s prospectus. The …

Read More »

NZ dollar rises to week high against Aussie as local economy seen outperforming

The New Zealand dollar rose to a week high against its Australian counterpart as the outlook for the local economy continues to outperform that of its closest neighbour. The kiwi jumped as high as 86.23 Australian cents, and recently traded at 86.14 cents from 85.69 cents at the 5pm market close in Wellington yesterday. The New Zealand dollar edged up …

Read More »