tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Saturday, December 7th, 8:03AM

Investments

rss
The Markets

NZ sharemarket listless on light trade

The New Zealand sharemarket made a small gain but lacked real direction, while leading energy stock Mercury reached a four-month high.

Monday, December 18th 2023, 6:38PM

by BusinessDesk

The S&P/NZX 50 Index was up and down for most of the day but settled later in the afternoon to close at 11,564.98, up 14.78 points or 0.13%.

The index reached an intraday low of 11,508.13 points. There were 57 gainers and 84 decliners on the main board with 28.76 million shares worth $89.33 million changing hands.

Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said: “The market got through a lot of activity last week with the repricing of interest rates and assets, and rate cuts being priced in.

“It was a quieter day today and trading was lighter – volumes do ebb at this time of the year,” he said.

The Westpac McDermott Miller Consumer Confidence Index rose 8.7 points in December to 88.9, the best since early last year. But pessimists still outnumbered optimists. 

Westpac said more households expected the economy to strengthen over the coming year and expected their personal finances would improve, with prices for some necessities easing back.

Mercury Energy increased 18c or 2.83% to $6.54, reaching a level last seen in late August. Contact was up 8c to $7.90.

Other energy stocks were weaker. Genesis declined 5.5c or 2.17% to $2.475; Manawa shed 15c or 3.44% to $4.21; and Vector decreased 14c or 3.61% to $3.74.

Ebos Group was up $1.27 or 3.65% to $36.09; Fletcher Building increased 15c or 3.23% to $4.80; Mainfreight gained $1.29 or 1.92% to $68.40; Freightways collected 13c to $8.43; Arvida Group added 2c or 2.04% to $1; and Move Logistics was up 4c or 7.55% to 57c.

In the property sector, Argosy gained 3c or 2.78% to $1.11; Investore was down 3c or 2.7% to $1.08; Vital and Healthcare Trust declined 5c or 2.28% to $2.14.

Vista Group rose 15c or 10.34% to $1.60 after signing a new software management agreement with Cinepolis, one of the largest cinema exhibitors in the world in terms of ticket sales and attendance per auditorium. The Cine Yelmo cinema network in Spain has 50 sites and more than 530 screens in 24 provinces.

Synlait Milk, up 3c or 3.16% to 98c, has gained B Corp status, the global gold standard accreditation for sustainability.

My Food Bag move

My Food Bag increased 1.9c or 14.39% to 15.1c, and Pacific Edge was up 0.003c or 4% to 7.8c.

ANZ NZ Investments increased its stake in Pacific Edge to 14.83%, up from 12.37%. APL Holdings Trust, which includes director Cecilia Robinson, bought 7 million shares in My Food Bag at 12.5c a share (a cost of $875,000) and increased its shareholding of 5.95%.

Fisher and Paykel Healthcare was down 14c to $23.85; Spark decreased 10c or 1.93% to $5.07; Chorus declined 12.5c to $7.645; Turners Automotive fell 14c or 2.99% to $4.54; and Serko shed 20c or 4.65% to $4.10.

Of the port companies, Napier was down 11c or 4.33% to $2.43 and Tauranga declined 12c or 2.21% to $5.30.

Other decliners were Scott Technology falling 12c or 3.81% to $3.03; Gentrack down 17c or 2.5% to $6.64; AFT Pharmaceuticals decreasing 8c or 2.37% to $3.30; and Accordant Group shedding 7c or 7.22% to 90c.

Rakon slid 4c or 3.45% to $1.12; Restaurant Brands was down 12c or 3.33% to $3.48; Scales Corp declined 9c or 2.74%; and CDL Investments decreased 5c or 6.49% to 72c.

Channel Infrastructure was down 1c to $1.45. Mobil Oil NZ has now sold all 53.76 million shares or 14.19% in Channel which operates the fuel import terminal at Marsden Point near Whangārei.

MHM Automation, up 1c to $1.64, is holding its shareholders’ meeting on January 26 to confirm the takeover by US-based Bettcher Industries for $1.70 a share. MHM’s non-conflicted directors are backing the scheme of arrangement.

Tags: Market Close

« NZ sharemarket flat but more than $300m changes handsNZ sharemarket firms ahead of mini-budget and economic update »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Advisors must take note of supervisor guidelines on AML/CFT
    “When I read this, the following memory plucked a note. Venue was a US financial planning conference maybe 30 years ago. Speaker...”
    1 day ago by Murray Weatherston
  • Partners kills its matrix
    “@Backstage, thanks. I agree there is no relationship to CoFI, though, from a service perspective, I have two other providers...”
    4 days ago by JPHale
  • Partners kills its matrix
    “Partners Life has decided to stop using its COM for advisers as it believes the system may breach the CoFI regulations which...”
    4 days ago by Amused
  • Partners kills its matrix
    “Insurance companies should stick to their lane. They are not advisers and even those that employ advisers should not be crossing...”
    5 days ago by Tash
  • [GRTV] The nitty gritty of Smart’s ETFs
    “Advisors should consider all gateways into investment markets including cheaply priced ETFs to provide access to low priced...”
    5 days ago by Pragmatic
Subscribe Now

AM Update - Your morning business news update

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 4.94 - - -
AIA - Go Home Loans 7.49 ▼5.79 ▼5.49 ▼5.59
ANZ 7.39 6.39 6.19 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.79 5.59 5.59
ASB Bank 7.39 ▼5.79 ▼5.49 ▼5.59
ASB Better Homes Top Up - - - 1.00
Avanti Finance ▼7.90 - - -
Basecorp Finance ▼8.35 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.54 - - -
BNZ - Rapid Repay 7.54 - - -
BNZ - Std 7.44 ▼5.79 ▼5.59 5.69
BNZ - TotalMoney 7.54 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.69 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 6.95 5.79 5.59 5.69
Co-operative Bank - Standard 6.95 6.29 6.09 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - ▼5.99 ▼5.89 -
First Credit Union Standard ▼7.69 ▼6.69 ▼6.39 -
Heartland Bank - Online 6.99 ▼5.49 ▼5.39 ▼5.45
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.60 6.65 6.40 -
ICBC 7.49 ▼5.79 ▼5.59 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.25 6.89 6.59 6.49
Kiwibank - Offset 7.25 - - -
Kiwibank Special 7.25 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 7.94 ▼5.75 ▼5.99 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.49 6.95 6.29 6.29
SBS Bank Special - 6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 4.94 5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.19 6.49 ▼6.39 ▼6.39
TSB Special ▲8.64 ▲6.74 ▲6.49 ▲6.39
Unity 7.64 ▼5.79 ▼5.55 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society ▼7.70 ▼5.95 ▼5.75 -
Westpac 7.39 6.39 6.09 6.19
Westpac Choices Everyday 7.49 - - -
Westpac Offset 7.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 5.79 5.49 5.59
Median 7.54 5.99 5.89 5.69

Last updated: 6 December 2024 9:11am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com