NZ shares dip in tandem with ANZ world commodity price index

In local currency terms, the index fell 3.8% after the NZ dollar gained 2.1% against the trade-weighted index.

The S&P/NZX 50 index fell 28.3 points, or 0.24%, to 11,636.99. Turnover was a light $80.3 million.

We’re finally hitting the last stretch of the summer holidays for most people – and with it hopefully edging closer to NZ’s domestic market becoming a bit more exciting.

Forsyth Barr analysts revealed today that they’ve kept their outperform rating on Summerset Group, but slashed their 12-month target price by 7.1% after fourth-quarter sales data from the retirement village developer.