Infratil powers NZX 50 to all-time high in quiet school holiday trading

New Zealand’s S&P/NZX 50 index was one of the stronger performers in Asian markets: as it closed at a record, with Infratil driving local gains on an uplift in the valuation of its CDC data centre investment. 

Vista Group International rallied after Forsyth Barr analysts reaffirmed their ‘outperform’ rating on the company after a solid US box office in June and a series of customer conversions to its cloud product.

Carpet maker Bremworth posted its steepest one-day slide in almost six years after its biggest shareholder said it would oppose the proposed sale of the business to rival Godfrey Hirst's parent.

And would-be miner Tāiko Critical Minerals halted trading of its shares for the placement component of a $10 million capital raising, having secured a $20 million loan from the government to help build a separation plant on the West Coast.