Market close: NZ sharemarket falls nearly 1% ahead of ETFS activity
15 Apr, 2021 05:38 AM
4 minutes to read
After some steady rises over the past two weeks, both Contact and Meridian fell. Photo / Supplied
After some steady rises over the past two weeks, both Contact and Meridian fell. Photo / Supplied
NZ Herald
By: Graham Skellern
The New Zealand sharemarket was a little edgy and fell nearly 1 per cent as it awaited Friday s unique exchange traded funds activity in the leading energy stocks, Contact and Meridian. The S&P/NZX 50 Index closed at 12,636.55, down 114.83 points or 0.9 per cent on solid volume of 64.6 million share transactions worth $219.62 million. The index fell from an early morning burst that reached 12,770.83 points.
The four-part Brit thriller is heading to the Sundance Now and Acorn TV platforms.
All3Media International has secured a number of international deals including with AMC Networks for its four-part British series
The Drowning.
From Noel Clarke and Jason Maza s All3Media-backed Unstoppable Film & Television, the thriller was produced in association with All3Media International for the U.K.’s Channel 5, where earlier this year it exceeded the ViacomCBS channel s slot average by 144 percent.
The Drowning broadcast simultaneously on both platforms across the U.S. and South America beginning May 6. Acorn TV will offer the series in the U.S., Canada and Latin America, while Sundance Now is available in the U.S. and Canada.
Acorn/Sundance Acquire ‘The Drowning’ AMC Networks streamers Acorn TV and Sundance Now have swooped for the U.S. and Canadian rights to four-part identity thriller The Drowning. Produced by Noel Clarke and Jason Maza’s All3Media-backed Unstoppable Film & Television, the series will premiere on the streamers on May 6 after becoming a hit in the UK, […]
Market close: Volatile energy stocks settle as sharemarket posts solid gain
7 Apr, 2021 05:43 AM
4 minutes to read
Contact rose 15c or 2.21 per cent to $6.94. Photo / File
NZ Herald
By: Graham Skellern
The New Zealand sharemarket posted a solid gain of more than half a per cent on a day when the volatile renewable energy stocks settled and corporate news was lacking. The S&P/NZX 50 Index rose 87.10 points or 0.7 per cent to 12,487.59. There were 84 gainers and 57 decliners over the whole market on heavy volume of 85.85 million share transactions worth $289.84 million.
There was again reasonably strong trading in Contact Energy and Meridian as they continue to face selling from the offshore exchange traded funds, but their share prices held up.
Renewable energy stocks begin final descent
Tuesday, April 6th 2021, 6:40PM
by BusinessDesk
The S&P/NZX 50 Index fell 87.83 points, or 0.7%, to 12,400.48. Within the index, 20 stocks fell, 19 rose and 11 were unchanged. Turnover was $193.2 million.
Meridian Energy dropped 5.9% to $5.25 and Contact fell 4.1% to $6.79. Both are included in S&P’s Global Clean Energy Index which was responsible for inflating their share prices in January.
The index builder has now moved to prevent similar liquidity shocks in the future by adding 70 new companies to the index and significantly reducing the weighting of the two Kiwi stocks.
Today, when the market reopened after the Easter weekend investors reacted to the Good Friday announcement and began selling and shorting the two stocks ahead of the rebalance.