NZ sharemarket starts Xmas week up 1.31%
The New Zealand sharemarket rose more than 1% in the final week to Christmas – bringing hope that the traditional Santa Claus rally may be on its way.
The S&P/NZX 50 Index climbed steadily throughout the day and closed at 13,508.3, up 174.9 points or 1.31%. This followed an increase of 0.58% on Friday.
There were 99 gainers and 41 decliners on the main board, with 25.6 million shares worth $98.5m changing hands.
'More positive than negative'
Paul Robertshawe, director and chief investment officer for Octagon Asset Management, said ...MORE»
Advisers’ vigilance against cyber criminals critical over summer breakThursday, December 18th, 6:43AM
Advisers are being warned about cyber criminals ramping up activity over the holidays. MORE» |
RBNZ: new rules will mean lower interest rates for borrowersWednesday, December 17th, 1:19PM 2 comments
The Reserve Bank says banks and other deposit takers will need about $5 billion less equity than currently under its new capital rules and that it expects its new settings to be passed on to New Zealanders through increased lending and lower interest rates. MORE» |
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Investing for Impact: Growing wealth while creating meaningful change
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Opes censured by FMA for poor practicesFriday, December 12th, 7:28AM 10 comments
High-profile property advice firm Opes has been censured by the FMA for failing to comply with a number of obligations under its Financial Advice Provider licence. MORE» |
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News Bites
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Castlepoint funds take unexpected hit
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GoodReturns TV
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
Investing for Impact: Growing wealth while creating meaningful change
Impact investing has accelerated rapidly in recent years, supported by growing interest in directing capital toward projects that deliver measurable social and environmental benefits alongside financial returns. MORE»
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MDRT Academy tightens criteria after first NZ year
Rick Willis says smaller groups with seasoned mentors and stricter selection criteria will help the programme achieve better results, with 60-70 mentees expected in 2026. MORE»
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Another blow to advisers over trail commissions
Mortgage advisers have been given more bad news over trail commissions just before Christmas. MORE»
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OMNIMax appoints a new development manager; Jason Butler Departs
OMNIMax, a leading provider of SaaS solutions for the financial services industry, has appointed Tristan Misselbrook to the position of Development Manager. MORE»
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Paying advisers for KiwiSaver advice
Amova (nee Nikko) has rolled out a new remuneration option for advisers offering KiwiSaver advice. MORE»
