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Market close: Meridian rebound helps lift NZ sharemarket


Market close: Meridian rebound helps lift NZ sharemarket
16 Feb, 2021 04:51 AM
4 minutes to read
By: Graham Skellern
Leading stock Meridian made a welcomed rebound and helped push the New Zealand sharemarket up more than a half per cent – just the second time this month the leading index has made a gain.
After a torrid fall from a high of $9.40 set on January 7,
Meridian – the second biggest market cap stock - climbed 16c or 2.82 per cent to $5.83 on trade worth $21.3 million, after reaching an intraday high of $6.09.
The energy stocks were boosted by the lack of selling from the overseas clean energy exchange-traded funds as the United States market was closed overnight for the Presidents Day holiday. ....

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Market close: Heavy hitters pulling NZ sharemarket down


Market close: Heavy hitters pulling NZ sharemarket down
4 Feb, 2021 04:37 AM
4 minutes to read
NZ Herald
By: Graham Skellern
The New Zealand sharemarket maintained its cautious approach before the latest financial reporting season, falling for the fourth successive day this week.
The S&P/NZX 50 Index slipped under the 13,000 mark and finished down 99.07
points or 0.76 per cent at 12,992.14. It reached an intraday high of 13,141.05 points.
The index has so far fallen 1.75 per cent this week, as if shaken by the spectre of rising interest rates on the back of a rebounding economy and a dramatic drop in the unemployment rate.
There were 62 gainers and 72 decliners over the whole market on volume of 55.74 million share transactions worth $171.41 million. ....

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NZ shares continue slide as energy stocks falter


NZ shares continue slide as energy stocks falter
12 Jan, 2021 03:24 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
The energy stocks, without the buying support of the overseas exchange traded funds, faltered for the second day running as the New Zealand sharemarket dropped nearly one per cent.
With profit-taking still prevalent, the S&P/NZX
50 Index closed down 106.40 points or 0.8 per cent to 13,183.69 on steady volume of 49.8 million share transactions worth $164.56m. There were 56 gainers and 81 decliners over the whole market. ....

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Northport to Auckland Christmas convoy thins out with most containers picked up


Northport to Auckland Christmas convoy thins out with most containers picked up
18 Dec, 2020 04:39 AM
4 minutes to read
The Christmas imports ship Constantinos P was the biggest ever to tie up at Northport. Photo / Supplied
The Christmas imports ship Constantinos P was the biggest ever to tie up at Northport. Photo / Supplied
The bulk of Christmas containers at Northport have now been dispatched by truck south, with 242 boxes still to be shifted from the Northland gateway s wharves.
Of these, 30 containers are on hold by Customs
and/or the Ministry for Primary Industries, port spokesman Peter Heath said.
As at today Friday, 904 containers had been dispatched on to trucks. ....

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