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Market close: Investor confidence returning as sharemarket rises more than 1 per cent 8 Apr, 2021 05:35 AM 4 minutes to read Tourism Holdings had strong day, rising 7c or 2.63 per cent to $2.73. Photo / Supplied NZ Herald By: Graham Skellern Buyers were again active as the New Zealand sharemarket took a lead from positive offshore bourses to post more than one per cent gain – representing a rise of nearly two per cent in two trading days. On Wall Street, the Dow Jones Industrial Average and S&P 500 index hit all-time highs this week, the London FTSE 100 Index was up 0.9 pe...

Market close: Covid-battered stocks make strong headway 16 Mar, 2021 04:40 AM 4 minutes to read SkyCity Entertainment rose 16c or 4.78 per cent to $3.51. Photo / 123RF NZ Herald By: Graham Skellern The re-opening stocks – those battered by the Covid pandemic – continued to make strong headway as the more confident New Zealand sharemarket posted its sixth successive day of rises. The S&P/NZX 50 Index gained 96.79 points or 0.77 per cent to 12,689.05, after reaching an intraday low of 12,584.85. There were 83 gainers and 61 decliners with 50.4 million shares worth $200.76 ...

The New Zealand sharemarket finished the week with minimal damage despite the lockdown.

Market close: Inflation and interest rate worries drive NZ sharemarket down 4 Mar, 2021 04:39 AM 4 minutes to read Synlait Milk announced its 2021 net profit would be less than a half of the previous year's $75.2m. Synlait's shares plunged 39c or 10.13 per cent to a low of $3.46. Photo / File Synlait Milk announced its 2021 net profit would be less than a half of the previous year's $75.2m. Synlait's shares plunged 39c or 10.13 per cent to a low of $3.46. Photo / File NZ Herald By: Graham Skellern The worry about rising inflation and interest rates reared its head again and drove the New Zeal...

Market close: Delegat shines as wider NZ sharemarket falls again 24 Feb, 2021 09:18 AM 5 minutes to read Delegat Group was a standout despite the market heading toward correction territory NZ Herald By: Graham Skellern Leading wine exporter Delegat Group provided a spark as the New Zealand sharemarket stayed perilously close to correction territory with another sharp fall. The S&P/NZX 50 Index was down 106.42 points or 0.86 per cent to 12,282.42 similar to the level in early November and just shy of the 10 per cent fall from the all-time in January that signals a formal tech...