Sharemarket cracks 10,000 mark
The S&P/NZX 50 Index closed above 10,000 for the first time in almost a month as dwindling numbers of new covid-19 cases helped buoy some of the most exposed sectors of tourism, retail and aged care.
The benchmark index increased 2.3 percent to 10,031.66, the highest close since March 12. Within the index, 29 stocks rose, 16 fell, and five were unchanged. Turnover was $314 million.
Investors welcomed signs of the pandemic's spread slowing down, with China's Wuhan ending a two-month lockdown, and Austria announcing plans to reopen the country on April 14 after it was able to get on top ...MORE»
FMA keeps close watch on Covid-19 misbehaviourTuesday, April 7th, 8:41PM
The Financial Markets Authority is warning that it is keeping a close eye on the financial services sector as the country grapples with the fallout from the Covid-19 disruption. MORE» |
Adviser warned over misleading Covid-19 adsTuesday, April 7th, 12:30PM
A registered financial adviser is in the gun after posting misleading insurance information about Covid-19. MORE» |
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ASSET Magazine: The Covid 19 issue
ASSET is available in a digital format during the Covid 19 crisis. In this issue we look at what advisers can do to help their clients during this time.
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CareSaver: Active management doing what it shouldTuesday, April 7th, 6:00AM
New KiwiSaver provider CareSaver is claiming a win for active, ethical management as its funds beat competitors through the Covid-19 market turbulence. MORE» |
Managers ramp up communicationSunday, April 5th, 1:42PM
Fund managers’ communication channels have been put into overdrive by market downturns around the world – and some predict it could change the way KiwiSaver members engage with their investments in future. MORE» |
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AML warnings issued
The Financial Markets Authority has issued a formal warning to NZX-accredited broker Tiger Brokers for not having adequate AML protection in place. MORE»
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GoodReturns TV
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[GRTV] Investment themes for this decade
AMP Capital managing director Bevan Graham talks about the topic of the momnet, corona virus, the big investment theme for this decade and the future of the business post the sale of AMP. MORE»
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Adviser warned over misleading Covid-19 ads
A registered financial adviser is in the gun after posting misleading insurance information about Covid-19. MORE»
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TMM Online
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Non-banks offer payment holidays
Non-bank lenders Avanti Finance and Resimac will offer borrowers repayment reduction options and deferrals amid the Covid-19 crisis. MORE»
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Former AIA head of sales and distribution joins Instant Finance
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Our $100 billion debt of gratitude
Sir Michael Cullen: The man who helped New Zealanders make better financial decisions. MORE»
