NZ sharemarket dips ahead of Mainfreight and Infratil results
The New Zealand sharemarket closed marginally down on Tuesday, driven by declines in Vital Healthcare, Ebos Group and Mainfreight, just a day before the transport company reports its half-year result.
The S&P/NZX 50 Index closed down 0.09% or 12.932 points to 13,604.55 after 31.1 million shares worth $116.2 million were traded.
The S&P/NZX 20 index was down 0.12%, closing at 7787.09 points, while the S&P/NZX 10 index ended the day at 13,002.18 after falling 0.18%.
There were 70 gainers on the main board and 61 decliners.
A quiet day
Generate investment specialist Greg Smith said ...MORE»
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Financial stress stabilises while household credit demand picks up
Household stress has started to decline as debt-servicing costs have fallen, the Reserve Bank’s latest Financial Stability Report shows.
Fewer borrowers are now falling behind on debt repayments.
Borrowers who had previously been in default are finding ways to mitigate stress with the lower debt-servicing costs, the RBNZ says.
Longer-term arrears and impairments have stabilised, but have not improved materially yet, although banks expect non-performing loans to continue to drop over the next year, supported by improved borrower cashflows ...MORE»
Lifetime celebrates 10 years with a new scheme under its beltTuesday, November 4th, 8:57AM
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NZ a standout for ethical investment funds flowThursday, October 30th, 9:01AM
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