Mainfreight result lifts sharemarket as investors eye Infratil update
The New Zealand sharemarket closed up on Wednesday after a better-than-expected result from Mainfreight, as well as buoyed expectations ahead of Infratil’s result tomorrow.
The S&P/NZX 50 Index closed up 0.49% or 67.182 points to 13,671.73 after 30.5 million shares worth $131.2 million were traded.
The S&P/NZX 20 index was up 0.55%, closing at 7,830.15 points, while the S&P/NZX 10 index ended the day at 13,101.35 after rising 0.76%.
There were 66 gainers on the main board and 60 decliners.
Mainfreight share price rallies
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Paying advisers for KiwiSaver advice
Amova (nee Nikko) has rolled out a new remuneration option for advisers offering KiwiSaver advice.
Instead of commission or deducting a fee from a member’s accounts Amova will pay advisers who provide advice to clients around KiwiSaver.
It doesn’t want to publicly disclose the dollar amount, but it appears to be reasonable.
Amova managing director Stuart Williams told the ASSET Magazine KiwiSaver Round Table yesterday the has launched its new offer to advisers this week.
"Advising ...MORE»
Financial stress stabilises while household credit demand picks upThursday, November 6th, 7:52AM
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Lifetime celebrates 10 years with a new scheme under its beltTuesday, November 4th, 8:57AM
Lifetime Asset Management is now the manager of the SuperLife UK Pension Transfer Scheme (SLUK). MORE» |
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Paying advisers for KiwiSaver advice
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