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 mystery Friday, April 26th, 1:03PM Online fund platform Flint Wealth says things are going well but won't disclose how much funds it has on platform. MORE»

Mint engagement backs battle against child porn Thursday, April 25th, 6:49AM As part of its engagement programme, Mint Asset Management has been talking to internet service providers about combatting the growing problem of child sexual abuse material (CSAM). MORE»

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 Investing Wednesday, April 24th, 10:33AM Mindful Money, the leading public voice in ethical investing in New Zealand, is thrilled to announce its groundbreaking 2024 Conference and Awards. MORE»

Updated expectations on liquidity risk management Tuesday, April 23rd, 2:21PM The Financial Markets Authority has updated guidance for fund managers and supervisors on effective liquidity risk management (LRM) including KiwiSaver redemptions. MORE»

News Bites

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Would-be scammer convicted after running one of biggest pyramid schemes in NZ

A pyramid scheme promoter who says she was going to “make history as one of the biggest scammers in New Zealand” has been convicted on five charges laid by the Commerce Commission under the Fair Trading Act. MORE»

GoodReturns TV

[GRTV] A trip around investment issues with MyFiduciary’s Chris Douglas

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Investments

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Building active portfolios, building conviction levels

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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Acquisition marks significant strategic milestone for Wealthpoint

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TMM Online

Having a say on draft banking report

The Commerce Commission will hold a consultation conference on the banking competition draft report in Auckland on May 13. MORE»

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AIA creates a new role

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Best and worst KiwiSavers according to Consumer

Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey. MORE»