The duelling forces set to determine which way NZ mortgage rates will go
18 Jan, 2021 04:34 AM
4 minutes to read
Home mortgages rates are expected to remain low while the Reserve Bank keeps a lid on wholesale rates. Photo / File
Home mortgages rates are expected to remain low while the Reserve Bank keeps a lid on wholesale rates. Photo / File
New Zealand s record-low mortgage rates look likely to stay low despite a bump in bond yields. Banks have availed themselves to $1.04 billion in cheap funding from the Reserve Bank s funding for lending programme (FLP) since the scheme kicked off last month, data from the central bank shows.
Market watch: Energy stocks flat after news Tiwai Point smelter given two more years
14 Jan, 2021 03:48 AM
4 minutes to read
Auckland Airport shares fell by 3.41 per cent in another down day for the sharemarket. Photo / Peter Meecham.
Auckland Airport shares fell by 3.41 per cent in another down day for the sharemarket. Photo / Peter Meecham.
NZ Herald
By: Graham Skellern Energy stock prices remained muted after the announcement that the Tiwai Point aluminium smelter will remain open for at least another two years as investors pondered the impact of earnings and dividend yields on the affected companies.
Shane Solly, portfolio manager with Harbour Asset Management, said Contact and Meridian no doubt provided electricity pricing discounts for the smelter s owner Rio Tinto to remain operating through to December 2024.
With a 300% share price rise in 10 months, why did brokers overlook this stock?
12 Jan, 2021 05:41 PM
5 minutes to read
Business Editor at Large Liam Dann explains the Official Cash Rate, and how the Reserve Bank sets the OCR to influence the economy.
Business Editor at Large Liam Dann explains the Official Cash Rate, and how the Reserve Bank sets the OCR to influence the economy. Yeah, I think it has been overlooked, conceded an investment research head on one listed business missing from brokers annual share market picks for 2021. Yet the company he was referring to has piled a spectacular 300 per cent on to its share price in the last 10 months.
Market close: Sharemarket slips despite spark in energy stocks
21 Dec, 2020 04:35 AM
4 minutes to read
NZ Herald
By: Graham Skellern The New Zealand sharemarket slipped more than half a per cent as the holiday season kicked in – though a spark in the energy stocks and the latest travails of the milk companies provided plenty of interest.
The S&P/NZX 50 Index drifted to 12,607.74, down 74.26 points or 0.59 per cent, on volume of 51 million shares worth $191.15 million There were 64 gainers and 83 decliners over the whole market which includes another debutant, New Zealand Rural Land Company.
Shane Solly, portfolio manager with Harbour Asset Management, said there wasn t a lot of volume and news on the market, and the holiday mood is definitely kicking in.