Investor nerves steadied at Fletcher, Ebos AGMs
Solid outlooks from Fletcher Building and Ebos Group at their respective annual meetings helped steady New Zealand’s stock market after yesterday’s unexpectedly strong inflation data had traders pricing in more aggressive interest rate hikes.
MORE»Kiwi flies on stonking inflation
The New Zealand dollar climbed about half a US cent after inflation data ratcheted up pressure on the Reserve Bank of NZ (RBNZ) to raise interest rates more aggressively.
MORE»Passive funds sell millions of Contact and Meridian shares
New Zealand's main share index fell as more stocks were added to a clean energy index prompting offshore passive funds to sell millions of shares in Contact and Meridian.
MORE»a2 climbs as short sellers scared off
A2 Milk led the New Zealand share market higher for a second day after a positive earnings report from a competitor scared short sellers into closing their positions.
MORE»a2 shares spike as daigou returns
Shares in a2 Milk jumped 12% after a competitor reported massive improvement to its sales through the daigou channel, sparking hope that a2 could report the same thing.
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