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Market close: NZ sharemarket gains more than 1 per cent


Market close: NZ sharemarket gains more than 1 per cent
13 Apr, 2021 05:38 AM
4 minutes to read
Fisher and Paykel Healthcare and a2 Milk continue to impact the New Zealand sharemarket. Photo / File
Fisher and Paykel Healthcare and a2 Milk continue to impact the New Zealand sharemarket. Photo / File
NZ Herald
By: Graham Skellern
The changing fortunes of two longtime favourites Fisher and Paykel Healthcare and a2 Milk continue to impact the New Zealand sharemarket, which impressively gained more than one per cent.
The S&P/NZX 50 Index had a
late surging, rising 137.70 points or 1.10 per cent to 12,656.42 moving up from an intraday low to 12,510.41. There were 78 gainers and 61 decliners over the whole market, with 53 million shares worth $211.1 million changing hands. ....

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Grayscale Bitcoin Trust BTC : Crypto market cap surges to record $2 trillion, bitcoin at $1.1 trillion


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NEW YORK (Reuters) - The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors.
By mid-afternoon, the crypto market cap was at $2.02 trillion.
The surge was led by bitcoin, which hit its own milestone by holding at a $1 trillion market cap for one week. Bitcoin was last up 1.4% at $59,045. Since hitting a lifetime peak of more than $61,000 in mid-March, bitcoin has traded in a relatively narrow range.
Analysts said as long as bitcoin stays above $53,000, it will be able to maintain its $1 trillion market cap. ....

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Japanese Market Lower After Early Gains


Japanese Market Lower After Early Gains
TOKYO (dpa-AFX) - The Japanese stock market is lower after giving up early gains on Tuesday, with the benchmark Nikkei index just above the 29,800 level, despite the broadly positive cues overnight from Wall Street. Investors are digesting data that showed household spending plunging 6.6 percent on-year in February, the third consecutive monthly drop.
The benchmark Nikkei 225 Index is declining 257.70 points or 0.86 percent to 29,831.55, after touching a high of 30,208.89 earlier. Japanese shares closed higher on Monday.
Market heavyweight SoftBank Group is edging down 0.2 percent and Uniqlo operator Fast Retailing is down almost 2 percent. Among automakers, Honda is down more than 2 percent and Toyota is edging down 0.4 percent. ....

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Market close: Travel stocks surge on transtasman bubble announcement


Market close: Travel stocks surge on transtasman bubble announcement
6 Apr, 2021 05:38 AM
4 minutes to read
Stocks benefiting from the introduction of a transtasman travel bubble rose sharply. Photo / Getty Images
NZ Herald
By: Graham Skellern
Further selling in Contact Energy and Meridian on the New Zealand sharemarket outweighed sharp gains in stocks benefiting from the introduction of a transtasman travel bubble.
There was heavy trading in the leading energy renewable
stocks as the offshore exchange trade funds rebalance their weightings in the S&P Global Clean Energy Index.
This resulted in the S&P/NZX 50 Index falling 87.82 points or 0.7 per cent to 12,400.48 on volume of 97.6 million share transactions worth $207.54 million. There were 74 gainers and 63 decliners over the whole market. ....

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