NZ sharemarket gains 1% thanks to F&P Healthcare
Fisher and Paykel Healthcare hit a 27-month high as it led the New Zealand sharemarket to a 1% gain on the back of a strong rally on Wall Street.
In a familiar pattern, the S&P/NZX 50 Index bounced at lunchtime and traded strongly in the afternoon to close at 11,916.24, up 111.15 points or 0.94%.
There were 84 gainers and 56 decliners on the main board, with 31.62 million shares worth $123.2m changing hands.
Market leader Fisher and Paykel Healthcare increased 59c or 2.15% to $27.99 on trade worth $34.35m, spurred on by a strong quarterly ...MORE»
Flint: The platform of mysteryFriday, April 26th, 1:03PM
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Mint engagement backs battle against child pornThursday, April 25th, 6:49AM
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Refreshed liquidity guidance a step forward
Updated guidance from the Financial Markets Authority on how fund managers and supervisors can effectively manage liquidity has been welcomed by the boutique investment group (BIG).
Simon Haines, chair of BIG which represents most of the non-bank fund managers, says the new guidance which updates the 2020 version reflects a step forward in what will undoubtedly be an ongoing conversation between the FMA and industry as to the best way to consider liquidity.
“What was good about the guidance was the combination of the FMA providing a clear list of tangible matters ...MORE»
Mindful Money Announces 2024 Conference and Awards: Mainstreaming Impact and Celebrating Excellence in Ethical and Impact InvestingWednesday, April 24th, 10:33AM
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Updated expectations on liquidity risk managementTuesday, April 23rd, 2:21PM
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Would-be scammer convicted after running one of biggest pyramid schemes in NZ
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Octagon looks to enhance the returns for our customers by being an active manager in the markets we invest in. This means, by definition and style, we are not passive investors who simply buy the index or the sector, rather we apply a disciplined process that allows the Octagon portfolio managers to identify when and why an asset is mispriced, and take advantage for our clients. MORE»
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