Investor demand for reliable dividends wins the day
New Zealand shares rose as investors sought property stocks paying reliable dividends amid concerns over the covid-19 pandemic and heightened tensions between the US and China.
MORE»NZ shares rise as optimism over covid drug buoys Asia
New Zealand shares joined a rally across Asia, as upbeat investor sentiment spilled over from Wall Street's close on Friday on optimism over a late-stage trial for a hopeful covid-19 treatment.
MORE»Energy stocks drain market for second consecutive day
New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close.
MORE»Smelter closure pulls plug on energy stocks
New Zealand shares slumped, led by a sharp drop across the energy sector after Rio Tinto said it will close the Tiwai Point aluminium smelter next year, having given notice to its supplier Meridian Energy.
MORE»NZ shares fall as Melbourne lockdown spooks investors
New Zealand shares followed Australia lower as investors weighed up the economic impact of a covid-19 lockdown being re-imposed in the state of Victoria, where new cases of the coronavirus have spiked in the last week.
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