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Market close: NZ sharemarket falls as investors grow pensive over inflation


Market close: NZ sharemarket falls as investors grow pensive over inflation
12 May, 2021 05:38 AM
3 minutes to read
Shares in Napier Port ended weaker. Photo / Hawke s Bay Today
New Zealand share prices ended weaker on light volume as investors grew pensive about the prospects of inflation and rising bond yields here and around the world.
The S&P/NZX50 index finished at 12,564.21, down 75.85
points, or 0.6 per cent, on volume of 55.64 million shares, worth $201.98 million.
There were 96 falls and 51 rises.
Most of the big name stocks were weaker as concerns about US inflation took hold after US year treasury yields gained for the third day in a row. Local 10-year bond yields were at 1.81 per cent, the upper end of their recent 1.6 to 1.9 per cent band. ....

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Whanganui author Airini Beautrais wins major prize at Ockham New Zealand Book Awards


Whanganui author Airini Beautrais wins major prize at Ockham New Zealand Book Awards
12 May, 2021 08:45 AM
3 minutes to read
Beautrais Bug Week is the first short story collection to win the major prize in over a decade and only the second in the awards 53-year history. Photo / Lewis Gardner
Beautrais Bug Week is the first short story collection to win the major prize in over a decade and only the second in the awards 53-year history. Photo / Lewis Gardner
Whanganui writer Airini Beautrais has won New Zealand s biggest writing prize.
Beautrais was announced the winner of the $57,000 Jann Medlicott Acorn Prize for Fiction at the 2021 Ockham New Zealand Book Awards in Auckland on Wednesday night. ....

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