Energy stocks dominate trade on the NZX
Contact Energy will join a leading MSCI global index at the expense of Mercury as the New Zealand sharemarket drifted to a small loss.
MORE»Rocky day on sharemarket
Cyclical stock Vulcan Steel kicked off the reporting season on a disappointing note by slashing its half-year dividend on a sharp fall in earnings, while the New Zealand sharemarket posted a small gain.
MORE»NZ sharemarket starts week down 0.2%
The New Zealand sharemarket drifted on the eve of the latest reporting season, while Millennium & Copthorne Hotels NZ independent directors have rejected a takeover offer.
MORE»NZ sharemarket ends short week up 0.4%
Manawa Energy plunged more than 8% on uncertainty about whether its merger with Contact will be approved, while the New Zealand sharemarket ended the shortened week with a healthy gain.
MORE»Volatile stocks drive NZ sharemarket down nearly 0.5%
The New Zealand sharemarket fell nearly 0.5%, dragged down by volatile Fisher and Paykel Healthcare, as unemployment reached its highest level in four years.
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