NZ sharemarket celebrates highest single-day rise in over five months
Strong performances from Fisher and Paykel Healthcare and Ebos pushed the New Zealand sharemarket to its highest single-day rise in over five months – up more than 1%.
The S&P/NZX 50 Index climbed steadily in the afternoon before the Anzac Day break and closed at 11,946.43, increasing 143.15 points or 1.21% after reaching an intraday low of 11,784.53.
The previous best day was a gain of 1.61% to 11,352.84 on Nov 15.
There were 90 gainers and 52 decliners over the whole market on volumes of 28.34 million share transactions worth $95.96m.
Fisher and Paykel ...MORE»
Refreshed liquidity guidance a step forwardWednesday, April 24th, 11:17AM
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). MORE» |
Mindful Money Announces 2024 Conference and Awards: Mainstreaming Impact and Celebrating Excellence in Ethical and Impact InvestingWednesday, 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» |
Sponsored Content
Veteran financial adviser offers new coaching service for financial advisers
There’s a saying that old dogs never die - they simply fade away. Long-time financial adviser David Pine from Wellington has finally put away his insurance tools but doesn’t intend to fade away just yet. MORE »
Kip Hanna – NZHL Group a Year on
A year ago, NZHL finalised the investment in LFG, forming the NZHL Group. The aim was to provide advisers and clients with the best possible options and leverage the collective strength of the group - regardless of whether the adviser is using a full support model or a non-branded adviser-led model. MORE »
Updated expectations on liquidity risk management
The Financial Markets Authority has updated guidance for fund managers and supervisors on effective liquidity risk management (LRM) including KiwiSaver redemptions.
Under the new LRM guidance which replaces the 2020 version, the FMA recommends that fund managers have a range of appropriate liquidity management tools (LMTs) for specific circumstances, including where redemption obligations can’t be met in the ordinary course of business.
The guidance says in extreme circumstances managers, including KiwiSaver providers, should be able to temporarily suspend ...MORE»
Major banks pass RBNZ climate stress test scenario but with profits slashedMonday, April 22nd, 11:00AM
Climate-related risks need to be actively managed to protect the resilience of the financial system to other shocks, the Reserve Bank’s 2023 climate stress test has found. MORE» |
Digital Docs more stuff...Monday, April 22nd, 8:50AM
Following my lengthy epistles on digital documents and management systems, I've been investigating this from the legal perspective. MORE» |
|
News Bites
|
Sponsored by: |
|
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
It’s not just changes to the trustee tax tax rate that’s driving PIE growth, MyFiduciary principal Chris Douglas tells Good Returns TV. MORE»
|
Investments
|
Sponsored by: |
|
Still in charge
Globally, March was a robust month for markets. MORE»
|
Sponsored by: |
|
Acquisition marks significant strategic milestone for Wealthpoint
Wealthpoint buys general insurance business and now focuses on other enhancements to its offering MORE»
|
TMM Online
|
CCCFA changes not a complete panacea
Unwinding the impact of all the 2021 CCCFA changes probably won’t happen, says David Cunningham, Squirrel Mortgage chief executive. MORE»
|
Sponsored by: |
|
Chch-based Lifetime hits the green with new appointment
The former head of IRESS in New Zealand has joined advice group Lifetime as its chief executive. MORE»
|
Sponsored by: |
|
Best and worst KiwiSavers according to Consumer
Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey. MORE»
