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Articles tagged with 'Market Close'

NZ shares fall for 5th day; Z Energy sold off further

13 September 2019 - New Zealand shares fell for a fifth session, with Z Energy coming in for another heavy day of selling after downgrading its earnings outlook yesterday. Blue-chip stocks were generally weaker.

Z Energy, Synlait crash on earnings downgrades

12 September 2019 - New Zealand shares fell as investors punished fuel retailer Z Energy and dairy processor Synlait Milk for earnings downgrades.

NZ shares sink; rising rates sap demand for yield stocks

11 September 2019 - New Zealand shares dropped to a one-week low as higher interest rates reduced demand for reliable dividends from the likes of Meridian Energy and Spark New Zealand.

NZ shares fall in light trading; power companies come off the boil

10 September 2019 - New Zealand shares fell with the major electricity generator-retailers giving up some of their recent gains. Air New Zealand led the market lower.

Shares snap six-day gain; A2 falls

9 September 2019 - New Zealand shares snapped a six-day winning streak as investors pause for breath with the benchmark index near a record and outperforming all bar China's CSI 300 Index across Asia so far this year. A2 Milk led the market lower.

NZX50 climbs 4.1% in week; yield demand reigns

6 September 2019 - The S&P/NZX 50 Index hit a record, rising  4.1 percent this week with high-yielding utilities and property stocks still in hot demand against a backdrop of ultra-low interest rates.

Shares march higher as low rates keep yield attractive

5 September 2019 - New Zealand shares continued their march into uncharted territory as the low interest rate outlook continues to boost the allure of firms paying reliable dividends, such as property investors and power companies.

Sharemarket cracks another milestone; Vista, Pushpay recover

4 September 2019 - The S&P/NZX 50 Index cracked another milestone, climbing above 11,000 for the first time, as export-based software firms Vista Group International and Pushpay Holdings got a boost from a weaker currency.

NZ shares outperform Asia; Contact, Meridian in demand

3 September 2019 - New Zealand shares outperformed Asia as companies offering reliable incomes, such as Contact Energy and Meridian Energy, remain attractive in a period of heightened global uncertainty.

NZ shares gain; yield stocks Contact, Meridian still in favour

2 September 2019 - New Zealand shares rose as the low interest rate outlook continues to add to the lustre of companies with reliable dividends such as Contact Energy and Meridian Energy.

Vista recovers in heavy day of trading

30 August 2019 - New Zealand shares rose in heavy trading, led by Vista Group International which recovered some of yesterday’s sharp sell-off.

Investors savage Vista after it misses earnings target

29 August 2019 - New Zealand shares fell, led lower by Vista Group International, which was punished for dialling back its expectations for revenue growth.

NZ shares rise; F&P Healthcare jumps on modest earnings upgrade

28 August 2019 - New Zealand shares rose, led higher by Fisher & Paykel Healthcare on a modest increase in forecast earnings. Port of Tauranga rose as record cargo volumes underpinned its profit gain.

NZ shares recover; demand for yield boosts Meridian, Spark

27 August 2019 - New Zealand shares recovered some of yesterday's decline as the demand for reliable income boosted yield stocks such as Meridian Energy and Spark New Zealand. Tourism Holdings gained after confirming annual profit beat guidance.

Trump's trade tweets drive NZ shares lower; Freightways caution weighs

26 August 2019 - New Zealand shares joined a worldwide sell-off as US President Donald Trump spooked investors by ratcheting his trade war with China. That weighed on the local reporting season, which saw Freightways punished for its cautious outlook.

Yield stocks sold off; Skellerup drops

23 August 2019 - New Zealand shares fell as diminishing expectations for interest rates to go lower sapped the appeal of companies held for their dividends such as Meridian Energy and Chorus. Skellerup led the index lower after reporting a record profit.

NZ shares gain as Ebos, Air NZ earnings meet expectations

22 August 2019 - New Zealand shares rose as the domestic earnings season continued, with Ebos Group and Air New Zealand meeting investors' expectations. Spark New Zealand rose for a second day on unusually large volumes.

Big Wednesday: A2 squeezed over margins; Fletcher and Spark shine

21 August 2019 - NZ shares sink as investors punish A2 over marginsNew Zealand shares dropped in one of the reporting season's busiest days as A2 Milk fell to a six-week low when its margins disappointed investors. Fletcher Building and Spark New Zealand both gained on their results.

Napier Port has promising debut; NZ shares rise

20 August 2019 - New Zealand shares rose as Napier Port Holdings climbed on debut, rising 13.5 percent to $3 from its IPO price of $2.60 a share.

NZ shares gain as tweaked earnings outlooks boost A2, weigh on Fletcher

19 August 2019 - New Zealand shares snapped a six-day decline, rising ahead of a flurry of company results this week as investors adjusted their earnings expectations to the benefit of A2 Milk and detriment of Fletcher Building.

NZ shares fall as global uncertainty weighs on utilities; Sky gains on M&A

16 August 2019 - New Zealand shares fell for a sixth session, led lower by utilities Vector and Chorus, as investors remain concerned trade and geopolitical tensions could trigger a global recession. Sky Network Television gained after buying a new online rugby business.

NZ shares join global rout as bond markets stoke recession fears

15 August 2019 - New Zealand shares joined a global slump as investors fretted over the prospect of a worldwide recession in the wake of bond market pricing. Heartland Group was among the few local stocks in positive territory after reporting solid earnings growth.

Reporting season on track; Sky City signals growth ahead

14 August 2019 - New Zealand shares dipped as the local reporting season continued to meet expectations with SkyCity Entertainment Group posting a small increase in underlying earnings and signalling growth in the current year.

NZ shares join global lull as investors remain nervous

13 August 2019 - New Zealand shares joined a global decline as investors remain unnerved by heightened geopolitical tensions. Domestic earnings met expectations but failed to stoke local investor confidence.

NZ shares flatline in light trading; Fonterra sinks after dropping dividend

12 August 2019 - New Zealand shares barely budged in relatively light trading as Contact Energy met earnings expectations in kicking off the reporting season. Fonterra Shareholders' Fund units sank as the dairy giant dashed hopes for a dividend this year.

Sharemarket edge lower as investors await earnings season

9 August 2019 - New Zealand shares edged lower as investors prepare for earnings season to kick into life, with the outlook for dividends a key feature after the Reserve Bank's surprisingly steep rate cut this week.

Kathmandu produces 'ripper' result

8 August 2019 - New Zealand shares rose for a second day, led by Kathmandu Holdings after the outdoor equipment chain beat earnings expectations and as record-low interest rates continue to support yield stocks.

NZ shares climb as rate cut stokes demand for yield stocks; Mercury gains

7 August 2019 - New Zealand shares gained after the Reserve Bank's unexpectedly large interest rate cut revived demand for yield stocks, boosting the likes of Mercury NZ to a record.

NZ market dives on escalating US-China trade war

6 August 2019 - The New Zealand share market took a hit in a day of red on signs China may use its currency to stand up to the US in the two countries’ escalating trade war.

Milk shares droop on trade tensions; Local market follows Asia lower

5 August 2019 - New Zealand shares followed offshore markets lower amid trade tensions between the US and China and as investors await another local interest rate cut this week.

NZ stocks edge higher, led by Contact; Asian markets slide

2 August 2019 - New Zealand shares edged higher despite a slide in Asian markets on renewed concerns for the global trade outlook. Contact Energy led the gainers as local investors prepare for coming earnings.

NZ shares mixed, weighed by A2 Milk, Tourism Holdings

1 August 2019 - New Zealand shares were mixed, weighed by some profit-taking in the A2 Milk company and a slide in Tourism Holdings.

Woes around the building sector weigh on market

31 July 2019 - New Zealand shares fell as a gloomy local construction sector and warnings about the state of building conditions in Australia weighed on Fletcher Building.

Growth stocks do well v electricity ones

30 July 2019 - New Zealand shares rose, boosted by gains in Sky Network Television and Spark New Zealand after they cut a deal that will let the pay-TV operator's commercial customers access the rugby world cup using a Sky decoder.

NZ shares rise as A2 buoyed by Bubs result

29 July 2019 - New Zealand shares rose as A2 Milk and Synlait Milk were buoyed by a strong June quarter for infant formula maker Bubs Australia. Ebos Group led the market higher on a light volume.

Market ends week lower; Sky TV and A2 fall

26 July 2019 - New Zealand shares fell, led lower by Sky Network Television, as investors remain wary of the pay-TV operator's plans to get into online streaming. A2 Milk's sheen also came off in a regional sell-off.

NZ shares resume march higher as A2 hits record; Gentrack sinks

25 July 2019 - New Zealand shares bounced back from yesterday's dip, as A2 Milk Co closed at a record with investors still upbeat about the milk marketing firm's outlook. Gentrack dropped to a six-week low after cutting its earnings guidance.

NZ shares take a breather after hitting a fresh record

24 July 2019 - New Zealand shares were mixed after five successive daily gains with leading stocks A2 Milk, Fisher & Paykel Healthcare and Ryman Healthcare surrendering some of their recent gains.

Market trucks on as Mainfreight and A2 hit new highs

23 July 2019 - New Zealand shares extended their gain as Mainfreight and A2 Milk Co hit highs on strong demand for the export-focused stocks that have reliably outperformed expectations. Sky Network Television led the market higher.

Fourth straight day of share price rises; Exporters gain; Sky leads

22 July 2019 - New Zealand shares rose for a fourth day, outperforming the rest of Asia, as exporters including A2 Milk Co, Mainfreight, and Fisher & Paykel Healthcare all gained. Sky Network Television led the market higher.

NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs

19 July 2019 - New Zealand shares remained in record territory as passive investment funds appeared to support the upward trend in school holiday-affected trading. Tourism Holdings led the market higher when it resumed trading.

NZX50 hits record as yield stocks remain in vogue

18 July 2019 - New Zealand shares outperformed Asia as companies offering reliable dividends helped lift the benchmark index to a record. Meridian Energy and Z Energy led the market higher.

NZ shares edge higher in quiet trading; weaker currency buoys exporters

17 July 2019 - New Zealand shares edged up in quiet trading as exporters including Tourism Holdings and Air New Zealand led the market higher as a weaker currency underpinned their international earnings. Fletcher Building dropped below the $5 mark.

Shares fall for second consecutive day; AIA, FAP and ATM lead declines

16 July 2019 - New Zealand shares fell for a second day on light volumes, with heavyweights Auckland International Airport, Fisher & Paykel Healthcare and A2 Milk weighing on the broader index. Meridian Energy and Contact Energy rose as the government considers plans for faster transport electrification.

AMP share prices takes a big hit; Market down overall

15 July 2019 - New Zealand shares fell, joining a downbeat day across Asia as slowing Chinese growth stoked fears that trade tensions will dent the global economy. AMP slumped after the Reserve Bank of New Zealand blocked the sale of its life insurance business.

Mixed day on sharemarket; Trustpower leads decliners; Summerset biggest improver

12 July 2019 - New Zealand stocks were mixed with thin local corporate news insufficient to extend gains earlier in the week.

NZ stocks rise on interest rate outlook; dairy shares gain

11 July 2019 - New Zealand stocks rose, joining a rally across Asia, as renewed prospects for deeper rate cuts in the US made equity investments more appealing. Dairy stocks also firmed.

A2 drives market higher after upgrade

10 July 2019 - New Zealand stocks gained as a strong lift in A2 Milk after a broker upgrade helped propel the index higher.

NZ shares fall as prospect of smaller US rate cut knocks yield stocks

9 July 2019 - New Zealand shares fell, joining a decline across Asia, as expectations of a smaller interest rate cut by the US Federal Reserve reduced the attraction of stocks held for a reliable income.

NZ shares dip; Summerset sales fall short of expectations

8 July 2019 - New Zealand shares edged lower in light trading, led lower by Summerset Group after quarterly sales figures kept investors wary about the outlook for retirement stocks.

Fonterra Fund recovers; the chase for yield continues

5 July 2019 - New Zealand shares were led higher by a recovery in Fonterra Shareholders' Fund units after a sharp sell-off yesterday. Utilities and property investors remain in favour among investors wanting a decent yield.

Prospect of US rate cut keeps yield in demand; Market rises; Fonterra sinks

4 July 2019 - New Zealand shares rose as the prospect of the Federal Reserve cutting interest rates underpinned demand for companies offering reliable income such as utilities, infrastructure firms and property investors. Fonterra shares and fund units dropped.

NZ shares led higher by exporters Kathmandu, A2 in light trading

3 July 2019 - New Zealand shares rose in light trading ahead of the US Independence Day holiday, with exporters Kathmandu Holdings and A2 Milk Co leading the market higher.

NZ shares buoyed by RBA rate cut, US-China trade talks

2 July 2019 - New Zealand shares rose as lower interest rates across the Tasman and cooling trade tensions between the US and China buoyed investor sentiment, underpinning demand for yield stocks such as Property For Industry and Contact Energy.

Shares fall as yield plays ease from records

1 July 2019 - New Zealand shares fell as several energy and infrastructure firms eased from all-time highs in a quiet start to the September quarter.

Shares post 6.4% gain in June quarter as yield remains king

28 June 2019 - The benchmark S&P/NZX 50 Index rounded out a 6.4 percent gain in the June quarter, with demand for infrastructure, utilities, and property firms driving the benchmark to another record.

Yield hunt lifts Genesis, Auckland Airport to records

27 June 2019 - New Zealand shares rose as companies offering reliable dividends remain attractive in the persistently low interest rate environment. Genesis Energy and Auckland International Airport hit records.

NZ shares dip as investors eye Fletcher update

26 June 2019 - New Zealand shares snapped a three-day gain, edging lower as investors pored through the details of Fletcher Building's investor briefing in which it confirmed a small capital return and noted Australian trading conditions remain tough.

Sharemarket extend gains as A2 buoyed by trade data

25 June 2019 - New Zealand shares rose for a third day, led by A2 Milk as trade data allayed some concerns over how new Chinese e-commerce rules will be applied. Auckland International Airport hit a record.

NZ shares outperform Asia on persistent demand for reliable income

24 June 2019 - New Zealand shares outperformed the rest of Asia as blue-chip stocks including Fisher & Paykel Healthcare, Auckland International Airport and Mainfreight remained in demand among investors in search of reliable income.

NZ shares gains in heavy trading on quarterly index reweighting

21 June 2019 - New Zealand shares rose in heavy trading late in the day as investors adjusted for the reweighting of several major indices. Utilities and property companies offering reliable dividends remained in vogue.

Blue-chip shares give up recent gains, Infratil sheds dividend

20 June 2019 - New Zealand shares fell as blue-chip stocks trading near record-highs gave up some of their recent gains. Infratil led the market lower after shedding rights to its final dividend.

NZX50 hits record; prospect of lower rates drives yield hunt

19 June 2019 - The S&P/NZX 50 Index hit a record, amid a global rally, as investors prepare for even lower interest rates and pursue stocks offering reliable dividends. Blue-chip companies such as Auckland International Airport were among today's gainers.

NZ shares gain as investors eye upcoming Fed meeting

18 June 2019 - New Zealand shares joined a rally across Asia, as investors have one eye on whether the Federal Reserve will signal lower US interest rates in what would be a further boon for equity markets. Vista Group International led the market higher.

Blue chip stocks weigh market down

17 June 2019 - New Zealand shares fell in relatively quiet trading, weighed down by blue-chip stocks such as Auckland International Airport and Meridian Energy which have been trading near records.

US rate uncertainty buoys local blue chips; NZ shares edge higher

14 June 2019 - New Zealand shares rose with blue-chips including Auckland International Airport and Ebos Group hitting new highs as investors remain uncertain about whether US and Australian central banks will cut interest rates. Summerset group fell in unusually busy trading.

NZX edges higher: Ebos, Auckland Airport, Mainfreight hit records

13 June 2019 - New Zealand shares shook off soft international leads, edging higher as blue-chip stocks including Ebos Group, Auckland International Airport and Mainfreight all hit records.

Good day on NZX

12 June 2019 - New Zealand shares were among the best performers across Asia Pacific, led by recoveries in Synlait Milk and Air New Zealand on relatively light volumes.

NZ shares follow ASX higher on optimism over US trade deal

12 June 2019 - New Zealand shares followed Australian stocks higher as traders across the Tasman returned from a long weekend more optimistic after the US administration made trade-friendly noises in recent days. Exporter A2 Milk led the local market higher.

NZ shares fall as Australian holiday saps trading volumes

10 June 2019 - New Zealand shares fell in subdued trading, with an Australian holiday sapping activity on the local market. Fisher & Paykel Healthcare led the market lower, as a strong kiwi dollar crimped its export earnings.

Sharemarket back above the 10,000 mark

7 June 2019 - New Zealand's benchmark index climbed back above 10,000, led by Synlait Milk, on news the dairy company is appealing a ruling that may prevent the opening of its second processing facility.

Shares gain as growth stocks recover; Comvita bounces

6 June 2019 - New Zealand shares rose, led by growth stocks Synlait Milk and Fisher & Paykel Healthcare. Comvita soared on news its former chief executive will put its under-performing units under the microscope.

NZ shares edge higher; A2 recovers some ground lost on China fears

5 June 2019 - New Zealand shares edged higher, lagging behind Wall Street's gains on the prospect of lower interest rates. A2 Milk recovered some of yesterday's sell-off as investors tried to gauge China's plan to boost domestic infant formula production.

Sharemarket drop below 10,000; A2 slumps on China fears

4 June 2019 - The S&P/NZX 50 Index closed below 10,000 for the first time in almost a month, as A2 Milk slumped almost 11 percent on fears that China's plans to develop its domestic infant formula market may weigh on the milk marketing firm.

NZ shares snap 5-day slide; Auckland Airport hits new high

31 May 2019 - New Zealand shares snapped a five-day decline, as Auckland International Airport chalked up a record. Vector and Chorus were among stocks recovering from a recent sell-off over regulatory fears.

Fears over global growth drive NZX, not the Budget

30 May 2019 - New Zealand shares fell in subdued trading as fears over global growth weighed on firms with international operations such as Tourism Holdings and Vista Group International.

NZ shares fall as more Commercial Bay delays weigh on Fletcher, Precinct

29 May 2019 - New Zealand shares fell, with Fletcher Building and Precinct Properties New Zealand under pressure on news the Commercial Bay development is running behind schedule and facing more cost overruns.

Heavy trading on NZX today

28 May 2019 - New Zealand shares fell in heavy trading as large investors rejigged their portfolios for a semi-annual index review. Fisher & Paykel Healthcare gave up more gains after yesterday's record profit.

F&P Healthcare falls after record $1 bill revenue

27 May 2019 - New Zealand shares fell, with investors locking in recent gains from Fisher & Paykel Healthcare after the medical humidifier and breathing mask maker reported another record profit.

Companies punished when earnings expectations missed

24 May 2019 - New Zealand shares fell, led by Gentrack, after the utilities software developer was among companies reporting weaker than expected earnings today.

Fletcher Building continues its good run

23 May 2019 - New Zealand stocks rose, led higher by Fletcher Building as the construction company extended a recent rally. Metro Performance Glass jumped 13 percent after meeting its downgraded earnings guidance.

NZ shares edge up; Infratil gains after placement

22 May 2019 - New Zealand shares edged higher, with Infratil one of the most active stocks when it resumed trading after being halted for a $100 million placement last week.

NZ shares fall; ComCom's early fibre views knock Chorus

21 May 2019 - New Zealand shares fell, led lower by Chorus, after investors were spooked by potentially stricter regulation of its ultrafast broadband network than they'd anticipated.

Banks shares rise on back of Australian election results

20 May 2019 - New Zealand shares rose as Australian bank stocks were buoyed by the Liberal-National coalition's electoral win over the weekend, removing the threat of tax changes.

Quiet trading on NZX ahead of upcoming earnings; Market finishes higher

17 May 2019 - New Zealand shares rose in quiet trading, as investors prepare for a flurry of earnings next week. Infratil entered a trading halt for the first tranche of a $400 million capital raising.

NZ shares extend gain in increasingly volatile market; Chorus gains

16 May 2019 - New Zealand shares rose for a second day in an increasingly volatile market. Equities rose across Asia and Chorus led the local market higher.

NZ shares outperform global rally as low rates bolster local outlook

15 May 2019 - New Zealand shares joined a global rally, as the local outlook for low interest rates added tailwind to broader optimism among investors that the US and China will compromise on their trade stoush. China-focused exporter A2 Milk led the local market higher.

NZ shares fall as Infratil flags equity raising for Vodafone deal

14 May 2019 - New Zealand shares fell as infrastructure investor Infratil flagged it will raise new equity to help fund its share of the $3.4 billion takeover of Vodafone New Zealand.

Trustpower hits record on special dividend; Tip Top sold

13 May 2019 - New Zealand shares rose in quiet trading, with Trustpower hitting a record after declaring a special dividend at today's earnings result. Fonterra fund units rose on the sale of its Tip Top business.

US-China trade wars hurt NZ shares

10 May 2019 - New Zealand shares dipped from a record as the uncertain outcome of the US-China trade talks weighed on investor sentiment.

NZ shares extend gain on low-rate tailwind; Vista at record

9 May 2019 - New Zealand shares rose for a third day as the Reserve Bank's rate cut provides another tailwind to the stock market. Vista Group International hit a record.

Shares stage late rally after OCR cut

8 May 2019 - New Zealand shares staged a late rally as the Reserve Bank's cut to the official cash rate boosted the attraction of companies paying reliable dividends such as Contact Energy and Mercury NZ.

Investors chase yield in low-rate environment and push shares higher

7 May 2019 - New Zealand shares bounced back from yesterday's Donald Trump-induced slump, as the attraction of stocks paying reliable dividends remains strong in a low-interest rate environment. Meridian Energy, Chorus and Infratil were among the gainers today.

NZ shares fall as Trump's trade talk spooks investors; exporters fall

6 May 2019 - New Zealand shares joined a slump across Asia as US President Donald Trump's tough stance on trade spooked investors. Exporters including A2 Milk and Fisher & Paykel Healthcare were among those sold off.

Investors take profits after sharemarket hits record

3 May 2019 - New Zealand shares fell from a record as investors took advantage of the recent gains. Z Energy dropped on an unusually large volume of trading.

Z pumps market higher; Trade Me departs

2 May 2019 - New Zealand shares rose as investors welcomed greater clarity on Z Energy's dividend intentions in the first local result of the latest reporting season. Index reweightings from Trade Me Group's pending departure were also a feature.

Little bit of negative news takes shine of sharemarket

1 May 2019 - New Zealand shares sank as muted earnings guidance from SkyCity Entertainment Group and A2 Milk didn't meet investors' expectations. New Zealand King Salmon shed almost a fifth of its value as warmer water left it with more dead fish.

April another month of solid gains for sharemarket

30 April 2019 - New Zealand shares edged higher in the final day of April trading, capping a 1.8 percent gain for the month that saw the benchmark index cross the 10,000 level for the first time.

NZX rises during a quiet trading day

29 April 2019 - New Zealand shares rose as stocks that have been beaten up in recent months - such as Pushpay Holdings and Fletcher Building - attracted interest from investors seeking bargains in a market trading at high valuations.

NZX50 drops below 10,000 as blue-chips fall off the pace

26 April 2019 - The S&P/NZX 50 Index fell back below 10,000 after becoming the most expensive across Asia based on forward-looking metrics. Blue-chip stocks including Spark New Zealand, Goodman Property Trust and Ryman Healthcare were among those sold down today.

NZ shares follow Wall St higher in light trading; Meridian, F&P, A2 rise

24 April 2019 - New Zealand shares extended their gains on the back of improved sentiment in the US. Exporters including Fisher & Paykel Healthcare and A2 Milk benefited from a weaker kiwi dollar.

NZX50 tops 10,000, growing 284% in past decade

23 April 2019 - The S&P/NZX 50 Index broke through the 10,000 level for the first time today, and has climbed about 284 during the past 10 years.

Sharemarket records 1.8% gain in a week

18 April 2019 - New Zealand shares drifted off their high heading into the Easter holiday, but still managed a 1.8 percent gain this week as weak inflation spurred on expectations for an interest rate cut, making companies paying reliable dividends a bit more attractive.

Knock, knock, knocking on the magical 10,000 mark

17 April 2019 - New Zealand shares hit a new record as retirement village operators including Summerset Group and Metlifecare rallied on the government's decision to ditch a capital gains tax.

Exporters drive sharemarket higher

16 April 2019 - New Zealand shares rose for a fourth day as exporters including Kathmandu Holdings and A2 Milk helped drive the market higher amid growing optimism over US-China trade talks.

Investor confidence buoyed on US coy earnings; NZX rises

15 April 2019 - New Zealand shares followed Wall Street higher as better than expected US company earnings buoyed investor confidence. Local growth stocks, including A2 Milk and Fisher & Paykel Healthcare, gained.

NZ shares rise; retirement stocks Metlife, Summerset extend recovery

12 April 2019 - New Zealand shares edged higher as retirement stocks Summerset Group and Metlifecare continued to recover from a sharp selloff. Air New Zealand and Tourism Holdings fell in the wake of weaker tourism numbers.

NZ shares snap six-day decline as retirement stocks claw back losses

11 April 2019 - New Zealand shares snapped a six-day decline, with retirement stocks clawing back some of their recent losses since Summerset Group's observation that a slowing property market had dented unit sales.

Yield stocks loose their lustre

10 April 2019 - New Zealand shares fell as the attraction of yield stocks lost their lustre now most have shed rights to dividends. Retirement village operators such as Metlifecare and Ryman Healthcare extended their decline.

Retirement stocks under pressure on housing fears

9 April 2019 - New Zealand shares fell for a fifth session as retirement village operators Summerset Group and Metlifecare suffered amid fears a slowing property market will dent their fortunes.

Slowing property market weighs on sharemarket

8 April 2019 - New Zealand shares fell for a fourth day as the threat of a slowing property market was seen weighing on retirement sector stocks such as Summerset Group and Metlifecare.

NZ shares fall; weak Summerset sales weigh on retirement stocks

5 April 2019 - New Zealand shares fell, led lower by Summerset Group, after the retirement village operator and developer cited a slowing property market in reporting weak sales. Rivals Ryman Healthcare and Metlifecare suffered accordingly.

Defensive stocks end stellar run

4 April 2019 - New Zealand shares fell for a second day as investors pared back their exposure to the equity market after the threat of lower interest rates spurred on demand for companies paying reliable dividends. Defensive stocks including Contact Energy, Mercury NZ and Infratil fell.

Telco boss unexpectedly hangs up and market falls

3 April 2019 - New Zealand shares slipped from a record, with Spark New Zealand falling after managing director Simon Moutter signalled his exit from the country's biggest telecommunications company.

The prospect of rate cuts drive market higher; Maccas helps the rally

2 April 2019 - New Zealand shares extended their rally for a sixth day as growing expectations for an interest rate cut stokes broad-based demand for equities. Plexure Group soared after McDonald's invested in the tech minnow.

NZ shares join Asian rally as Chinese data boosts investor confidence

1 April 2019 - New Zealand shares continued their march higher, joining a rally across Asia as better than expected Chinese manufacturing data lifted investor confidence. Tourism Holdings led the market higher

NZX50 delivers 12% gain in March quarter as low rates spur demand for yield

29 March 2019 - The S&P/NZX 50 Index climbed almost 12 percent to end the March quarter at a record, as a late tailwind from the Reserve Bank's bias towards lower rates spurred demand for companies with reliable dividends such as Meridian Energy and Genesis Energy.

Dividend yield stocks again dominate sharemarket trading

28 March 2019 - New Zealand shares extended their rally as the prospect of low interest rates maintained the appeal of companies with reliable dividends, such as Genesis Energy and Trustpower. Air New Zealand rose on plans to cut costs.

NZ shares surge as rate cut prospect buoys yield plays; Mercury, Meridian hit records

27 March 2019 - New Zealand shares got an unexpected boost after the Reserve Bank's warning that it may cut interest rates stoked demand for companies with stable dividends. Utilities Meridian Energy and Mercury NZ hit records.

Wall St weakness shrugged off; Defensive stocks gain; Genesis hits record

26 March 2019 - New Zealand shares shrugged off the weak leads from Wall Street overnight as the defensive qualities of companies offering stable dividends found favour with investors. Genesis Energy was among those beneficiaries, hitting a record today.

NZ shares fall from record as bond inversion triggers global sell-off

25 March 2019 - New Zealand shares joined a global decline as investors sold off equities when long-term US interest rates fell below shorter-dated debt, a technical signal that may indicate an approaching recession. Stocks trading near records, such as Meridian Energy and Contact Energy, fell.

Shares climb to record on low rate outlook

22 March 2019 - New Zealand shares rose to a record as the prospect of low interest rates for even longer stoked demand for companies offering regular income such as Meridian Energy and Mercury NZ. Synlait Milk extended its recovery from a weak first-half result earlier this week.

NZ shares rise on Fed restraint, local GDP growth; Auckland Airport slides

21 March 2019 - New Zealand shares rose after the US Federal Reserve signalled no rate rises there this year and local GDP data came in stronger than many economists had expected.  Auckland International Airport extended its decline from a record, while also shedding rights to its interim dividend.

Dairy shares take froth off NZ sharemarket

20 March 2019 - New Zealand shares fell for a second day, led lower by Synlait Milk after the dairy company reported weaker earnings, disappointing investors who had anticipated another strong result.

Sharemarket falls as investors avoid anything to do with construction

19 March 2019 - New Zealand shares fell from a record in quiet trading. Gentrack led the declines as investors fretted over the Brexit implications for the UK exposed utilities software developer.

NZ shares at record; trading quiet as investors digest re-weightings

18 March 2019 - New Zealand shares rose to a record in quiet trading as investors digested the latest round of index re-weightings and wait on upcoming earnings. Kathmandu Holdings led the market higher.

Heavy trading on NZX with index re-weightings heightening activity

15 March 2019 - New Zealand shares rose in heavy trading as index re-weightings heightened activity in a week that had already been punctuated by some large investors repositioning their portfolios. Gentrack led the market higher.

Big day of trading as investors reposition portfolios

14 March 2019 - New Zealand shares rose in heavy trading with Spark New Zealand and Contact Energy attracting some big placements from large investors repositioning their portfolios. Sky Network Television extended its recovery on large volumes.

Uncertainty over Britain's exit from the European Union keeps investors on edge

13 March 2019 - New Zealand shares fell, with markets weaker across Asia as the uncertainty over Britain's exit from the European Union keeps investors on edge. Fletcher Building dropped as investors remain wary of the construction firm.

Defensive stocks remain attractive in an uncertain global environment

12 March 2019 - New Zealand shares edged up as defensive stocks such as utilities remained attractive to investors in an uncertain global environment. Restaurant Brands New Zealand rose as its suitor declared a partial takeover unconditional.

NZ shares decline as global uncertainty weighs; Sky TV hits low

11 March 2019 - New Zealand shares fell as uncertainty about the global economy weighed on investor confidence. Sky Network Television dropped to a new low as the pay-TV operator remains out of favour.

NZ shares cap off 10-year bull market with 0.9% weekly gain

8 March 2019 - New Zealand shares rallied into the 10th anniversary of the longest bull market in share market history, gaining 0.9 percent this week after central banks around the world indicate interest rates will remain low and might go even lower.

Defensive stocks find favour with investors

7 March 2019 - New Zealand shares edged higher with gains by utility and real estate yield stocks offsetting a clutch of companies shedding rights to dividends. Restaurant Brands New Zealand gained on its continuing sales growth.

Fonterra Fund leads NZX higher

6 March 2019 - New Zealand shares edged up, led by the Fonterra Shareholders' Fund as a stronger than expected dairy auction was seen as an optimistic sign for the sector, despite the fact that it would add pressure to earnings.

NZ shares fall from record as global markets come off the boil; Mercury drops

5 March 2019 - New Zealand shares fell in light trading, following the end of earnings season, as local investors followed overseas leads where markets were generally weaker. Mercury NZ led the market lower.

NZ shares hit record as prospect of US-China trade deal buoys Asia; A2 gains

4 March 2019 - New Zealand shares rose to a record high as the prospect of a trade deal between the US and China helped buoy stock markets across Asia. Dairy exporters A2 Milk and Synlait Milk were among the day's leaders.

Earnings season ends on a sour note; index changes boost volume

28 February 2019 - New Zealand shares rose as the local earnings season ended on a sour note, with Air New Zealand confirming a lacklustre result. Tourism Holdings gained after being upgraded after investors digested its earnings this week.

After run of good results some companies disappoint

26 February 2019 - New Zealand shares fell, with several disappointments in the earnings season, as rental RV operator Tourism Holdings posted weaker than expected earnings, Vector warned on dividend growth and Gentrack downgraded its outlook.

Reporting season continues on NZX; Here's the latest results

25 February 2019 - New Zealand shares rose as Freightways and Chorus both gained after delivering earnings in line with expectations. Synlait Milk jumped ahead of this week's dairy auction and a potential hike in the farmgate milk price.

Air NZ and Auckland Airport lift market

22 February 2019 - New Zealand shares rose, with heavy trading in Auckland International Airport and Air New Zealand after the airport operator lifted earnings and said it will cut airline landing fees.

NZ shares gain; A2 hits new record, F&P climbs on patent deal

21 February 2019 - New Zealand shares rose for a second day as a2 Milk reached a record following its strong earnings yesterday and Fisher & Paykel Healthcare jumped on the end of a costly, long-running patent dispute.

NZ shares gain; A2 jumps to 12-month high as earnings outperform

20 February 2019 - New Zealand shares rose amid a flurry of company earnings. A2 Milk hit a 12-month high after beating analysts' expectations, while Spark New Zealand, Fletcher Building and Meridian Energy fell.

A2 downgraded on eve of earnings, Heartland misses expectations

19 February 2019 - New Zealand shares fell, with A2 Milk weaker after an analyst dubbed it overvalued and as weak Chinese sales by Australian supplements maker Blackmores weighed on the dairy company. Heartland Group declined on weaker-than-expected earnings.

NZ shares subdued as China trade tensions weigh; Sky TV falls

18 February 2019 - New Zealand shares edged lower in subdued trading as fears over the country's trade relations with China unnerved investors. Property For Industry fell after its earnings missed expectations, while Port of Tauranga hit a new record when upgrading its annual earnings guidance.

A2 and Fisher & Paykel lead NZX down on China fears

15 February 2019 - New Zealand shares fell as pessimism over trade negotiations between the US and China cast a pall across Asia. Exporters including A2 Milk and Fisher & Paykel Healthcare led the market lower.

Six day run of gains ends on sharemarket

14 February 2019 - New Zealand shares fell, snapping a six-day run of gains, as a stronger kiwi dollar weighed on exporters such as Fisher & Paykel Healthcare and A2 Milk. Skellerup bucked the trend, gaining after it reported increased earnings.

NZ shares join global rally on US-China trade optmism; SkyCity falls

13 February 2019 - New Zealand shares joined a global rally on optimism that the latest US delegation to Beijing will make meaningful gains in soothing the strained trade relations. Tourism Holdings led widespread gains; SkyCity Entertainment Group fell after reporting a decline in first-half profit and a share buyback.

NZ shares gain as power companies Meridian, Genesis, Mercury buoyed by low rate outlook

12 February 2019 - New Zealand shares gained as growing bets for an interest rate cut by the Reserve Bank stoked demand for utility companies such as Mercury NZ, Meridian Energy and Genesis Energy with steady dividends.

Contact kicks off earnings season on a bright note

11 February 2019 - New Zealand shares rose as Contact Energy's first-half earnings delivered a better-than-expected dividend, giving investors something to cheer at the start of the domestic reporting season. Restaurant Brands New Zealand led the market higher.

All quiet on NZ sharemarket ahead of earnings season

8 February 2019 - New Zealand shares gained in the run-up to corporate earnings season, with Contact Energy the first major company out of the blocks on Monday. Australian results have been mixed so far this week.

NZ shares gain as prospect of rate cut stokes demand for yield stocks

7 February 2019 - New Zealand shares gained as growing expectations of lower interest rates stoked demand for companies offering regular dividend income, such as Chorus and Meridian Energy. Dairy companies A2 Milk Co and Synlait Milk were boosted by stronger demand for dairy products.

Bank shares rally after let off from Royal Commission

5 February 2019 - New Zealand shares followed Australia higher as banking stocks rallied on both sides of the Tasman after a Royal Commission into the sector was less harsh than many had feared. Dual-listed lenders Australia & New Zealand Banking Group, Westpac Banking Corp and AMP all rallied.

Australian banking report spooks investors

4 February 2019 - New Zealand shares fell in relatively quiet trading, with investors keeping one eye across the Tasman for the findings of a royal commission into the banking sector and waiting for the domestic earnings season to start next week.

NZ shares edge up ahead of earnings season; Air NZ at 3-month low

1 February 2019 - New Zealand shares edged higher in relatively quiet trading as investors wait for company earnings season to kick off later this month. Air New Zealand dropped to a three-month low, extending its decline after this week's profit warning.

Kiwi bourse joins global rally as Fed poised to keep rates low; Air NZ falls again

31 January 2019 - New Zealand shares joined a global rally, led by A2 Milk Co, as local investors were buoyed the prospect of low US interest rates keeping equities attractive. Air New Zealand fell for another day.

Air NZ warning weighs on tourism; NZ shares fall

30 January 2019 - New Zealand shares fell, led lower by Air New Zealand, as the national carrier's earnings and softer outlook weighed on other tourism-related companies. Auckland International Airport and Tourism Holdings fell.

Not a good day on the sharemarket amid ongoing concerns about global growth

29 January 2019 - New Zealand shares fell, in line with declines in the US and across Asia, amid ongoing concerns about global growth, particularly in China.

NZ shares edge higher; Australian, Auckland holidays sap volumes

28 January 2019 - New Zealand shares edged higher in thin trading, with holidays in Auckland and Australia keeping a lid on activity. Fonterra Shareholders' Fund and Freightways gained.

NZ stocks inch higher ahead of earnings season

25 January 2019 - New Zealand shares inched higher but trading was mixed as investors prepare for the local earnings season and hope for progress on the on-going trade dispute between China and the US.

NZ shares inch higher as US shutdown sidelines investors

24 January 2019 - New Zealand shares inched higher but trading was mixed on concerns that US economic growth will take a hit from the longest-ever government shutdown and as investors pared back expectations of a New Zealand rate cut.

NZ shares ease on global growth concerns

23 January 2019 - New Zealand shares eased as investors continued to fret about US-China trade tensions and the political impasse in the US.

NZ shares fell on global growth concerns

22 January 2019 - New Zealand shares fell as investors fretted about a possible slowdown in global growth. Spark saw the heaviest volumes traded.

NZ stocks gain; investors seek value ahead of earnings season

21 January 2019 - New Zealand shares rose as investors picked through mixed local and international economic signals to focus on firms likely to do better in a slowing environment.

Sharemarket follow Asian markets higher on renewed hopes for China-US resolution

18 January 2019 - New Zealand shares followed Asian markets higher on renewed hopes for a resolution to the US-China trade tensions. Trading was light with few local drivers.

NZ shares get further lift from positive offshore markets

17 January 2019 - New Zealand shares rose as sentiment continued to benefit from positive offshore leads. Genesis Energy, A2 Milk and Synlait Milk gained.

Stocks rise, buoyed by dairy prices, overseas markets

16 January 2019 - New Zealand shares rose, buoyed by steady gains in overseas market and a better than expected result from the latest dairy auction overnight.

Local shares drift after US stocks eased back overnight

15 January 2019 - New Zealand shares drifted in quiet trading after US stocks ended in the red. Spark slid while A2 Milk helped shore up the index.

NZ shares inch higher in tepid trade

14 January 2019 - New Zealand shares inched higher in quiet trading as investors await news from offshore. Kathmandu recovered some of its recent losses.

NZ shares fall as investors take a breather

10 January 2019 - New Zealand shares fell as investors took a breather after a round of US-China trade talks wound up. Ryman Healthcare gave back some recent games and Summerset dipped.

NZ shares gain as trade fears ease

9 January 2019 - New Zealand shares gained, supported by growing optimism that the US and China can reach a trade deal. A2 Milk benefited from the lift in sentiment.

NZ shares get further lift on improving offshore sentiment

8 January 2019 - New Zealand shares rose as investors continued to be cheered by positive markets offshore and expectations for progress in trade talks between the US and China. Pushpay continued to rise.

Investors go bargain hunting

7 January 2019 - New Zealand shares rose as improving risk appetite in the wake of strong US jobs data and a note of caution from the US Federal Reserve sparked bargain-hunting in stocks like Kathmandu, Synlait Milk and A2 Milk.

Investors move to defensive stocks on global jitters

4 January 2019 - New Zealand shares rose slightly as growing investor unease over the global economy bolstered demand for defensive stocks such as local utilities Meridian Energy and Mercury NZ.

NZ shares drop in first trading day of 2019 as Kathmandu whacked on weak sales

3 January 2019 - New Zealand shares fell in the first trading of 2019, led lower by Kathmandu Holdings, which was punished for posting weaker-than-expected Christmas sales.

Local equity market ends year on a firm note

31 December 2018 - The New Zealand share market ended 2018 on a firm note, lifted from earlier doldrums by a positive start to trading across the Ditch and with the dual-listed shares in A2 Milk leading the market higher.

NZ shares nudge higher on last full day's trading for the year

28 December 2018 - New Zealand shares rose in the last full day of trading for 2018 on subdued volumes with many investors out for the Christmas and New Year holiday. Summerset Group led the market higher.

NZ shares rise as blue chips rally into holiday period; Spark gains

20 December 2018 - New Zealand shares rose as investors sought out blue-chip stocks, such as Spark New Zealand and SkyCity Entertainment Group, before heading into the holiday period.

NZ shares gain as upcoming Fed meeting bolsters yield stocks; Sky TV gains

19 December 2018 - New Zealand shares gained on expectations the US Federal Reserve may soften its interest rate outlook for the coming year. Sky Network Television extended its rebound.

Heartland sinks; Markets await US Fed's interest rate call

18 December 2018 - New Zealand shares fell, joining a sell-off across Asia, as investors fret over the future track of US interest rates ahead of this week's Federal Reserve policy review. Heartland Group sank on concerns over stricter banking capital requirements.

NZ shares follow Asian rally; exporters F&P Health, A2 gain

17 December 2018 - New Zealand shares rallied late in the trading session to follow Asian markets higher, led by export-focused firms including Fisher & Paykel Healthcare and A2 Milk.

NZ shares fall as investor uncertainty weighs on exporters; F&P Health, A2 drop

14 December 2018 - New Zealand shares fell as uncertainty over the global economy and US-China trade tensions pushed Asian markets lower. Exporters Fisher & Paykel Healthcare, A2 Milk and Comvita all declined.

NZ shares rise as optimism over US-China trade deal lingers; Fletcher gains

13 December 2018 - New Zealand shares rose for a third day as investors around Asia remained optimistic that trade tensions between China and the US will ease, removing a risk to global growth.

NZ shares gain as Trade Me hits record on takeover

12 December 2018 - New Zealand shares joined an Asia-wide rally on signs that China-US trade relations may be thawing, while Trade Me hit a record on news the board will back a private equity takeover.

Defensive stocks find favour on NZX; Contact, Meridian rise

11 December 2018 - New Zealand shares rose, led by Contact Energy and Meridian Energy as heightened uncertainty in global markets bolsters the attraction of defensive stocks offering stable dividends.

NZ shares fall to 5-week low as trade tensions spook investors; A2 drops

10 December 2018 - New Zealand shares fell to a five-week low as rising concerns about global growth due to heightened US-China trade tensions extended into Asian markets. Export-focused A2 Milk dropped.

NZ shares rally on speculation of flat US rate track; Spark gains

7 December 2018 - New Zealand shares rose as markets across Asia rallied on speculation the US Federal Reserve will keep interest rates on hold next year, which would maintain the yield attraction of stocks over bonds. Spark New Zealand was up in heavy trading.

Huawei CFO arrest reignites trade fears; A2 drops

6 December 2018 - New Zealand shares fell, joining a sell-off across Asia, as the arrest of a Huawei executive reignited fears about US-China trade tensions. Chinese-focused exporter A2 Milk declined.

NZ shares join global decline as trade jitters re-emerge; Gentrack, F&P Health fall

5 December 2018 - New Zealand shares fell for a second day as doubts about the ceasefire in the US-China trade stoush weighed on global markets, hitting growth stocks and exporters such as Gentrack Group and Fisher & Paykel Healthcare.

Trade tailwind slows market; Spark, Z Energy decline

4 December 2018 - New Zealand shares snapped five days of gains as optimism over the cooling of US-China tensions abated. Spark New Zealand declined as new accounting standards prompted it to adopt new earnings measures.

NZ shares extend gain as cooling trade tensions buoy Asian markets

3 December 2018 - New Zealand shares were led higher by exporter A2 Milk as cooling trade tensions between China and the US allayed fears of slowing global growth and boosted stock markets across Asia.

NZ shares end November higher in heavy month-end trading

30 November 2018 - New Zealand shares rose for a fourth day in heavier-than-usual trading as major institutional investors reallocated their portfolios, pushing up heavyweight stocks including Spark New Zealand and Meridian Energy.

Local shares join global rally as Fed set to pause rate hikes; Pushpay gains

29 November 2018 - New Zealand shares joined a global rally after Federal Reserve chair Jerome Powell indicated an early pause to higher interest rates, stoking demand for growth stocks such as Pushpay Holdings.

NZX joins Asia-wide rally; Market led higher by growth stocks Pushpay, A2

28 November 2018 - New Zealand shares joined an Asia-wide rally, led higher by export-focused growth stocks Pushpay Holdings and A2 Milk, two of the bourse's most volatile stocks.

NZ shares rise as upbeat Wall St bolsters A2, blue chips

27 November 2018 - New Zealand shares followed Wall Street higher as global events remain top of mind for investors, underpinning growth stock A2 Milk Co and blue-chip firms such as Spark New Zealand and Fletcher Building.

NZ shares fall with blue chips A2, Ryman; F&P Healthcare gains

26 November 2018 - New Zealand shares fell in light trading as blue-chip stocks including A2 Milk Co, Ryman Healthcare and Fletcher Building followed Australia lower. Fisher & Paykel Healthcare gained after reporting increased earnings.

NZ shares snap decline as growth stocks Tourism Holdings, A2 recover

22 November 2018 - New Zealand shares snapped a six-day decline as a revival in global investor optimism boosted beat-up growth stocks such as Tourism Holdings, A2 Milk and Pushpay Holdings. Fletcher Building extended its decline.

Trade Me soars on takeover bid; Fletcher sinks deeper

21 November 2018 - New Zealand shares fell as Fletcher Building dropped to a 14-year low, adding to yesterday's rout after its profit warning. Trade Me soared to a record on a potential takeover.

Fletcher slumps to 9-yr low on profit warning

20 November 2018 - New Zealand shares fell as Fletcher Building slumped to a nine-year low after the country's biggest listed construction firm warned of weaker profit, and as growth stocks such as Pushpay Holdings followed Wall Street lower.

NZ shares dip as trade war fears linger

19 November 2018 - New Zealand shares fell for a fifth day as investors remain wary of the impact a trade war will have on company earnings with export-focused stocks Tourism Holdings and Pushpay still under pressure. Fletcher Building declined ahead of tomorrow's annual meeting.

NZ stocks fall on renewed Brexit uncertainty, dividend payouts

16 November 2018 - New Zealand shares fell as Brexit worries and a lack of earnings news let investors with a lack of direction. Three top-50 stocks also went ex-dividend today.

NZ stocks mixed as global worries weigh on local news

15 November 2018 - New Zealand shares were mixed as weak international investor sentiment weighed on positive local earnings.

Wall Street drops; NZX follows; But Spark, Port of Tauranga gain

13 November 2018 - New Zealand shares fell after a sharp drop on Wall Street overnight spooked investors throughout Asia’s markets.

Shares mixed on weak overnight leads; Spark gains, Fletcher falls

12 November 2018 - New Zealand shares were mixed as wary local investors tried to find value in a still volatile global environment.

NZ stocks extend gains, buoyed by local rates outlook; Spark, Z rise

9 November 2018 - New Zealand shares rose as benign comments from the US and local central banks supported a more positive outlook through to the end of the year.

NZ stocks lift on relief rally after US elections

8 November 2018 - New Zealand shares rose as markets were relieved U midterm elections did not throw up any major political surprises. SkyCity Entertainment gained on the sale of its Darwin casino.

NZ shares lift as US election results look to be largely as expected

7 November 2018 - New Zealand shares rose as results from the US midterm elections seemed to indicate the Democrats would take control of the House but wouldn't win the Senate. Z Energy gained while A2 Milk and Synlait Milk fell.

NZ stocks tick higher as offshore moves lift sentiment

6 November 2018 - New Zealand shares ticked up, supported by overnight gains on Wall Street and positive trading in Australia. A2 Milk Co and Synlait Milk rose.

Global investors grow wary and NZX falls; Z Energy slides further

5 November 2018 - New Zealand shares fell with local earnings insufficient to embolden investors wary about the outlook for the global economy. Z Energy again led the market lower.

NZ stocks mixed; Z Energy extends decline

2 November 2018 - New Zealand shares were mixed as the prospect of a slowing domestic economy came head-to-head with improved global sentiment.

Stocks rise as emboldened investors seek value; Z Energy plunges

1 November 2018 - New Zealand shares rose for a fourth day in five as improving sentiment in global markets encouraged investors back into some favoured sectors.

NZ shares outperform Australia as ANZ kicks off bank earnings

31 October 2018 - New Zealand shares outperformed their Australian counterparts as Australia & New Zealand Banking Group kicked off reporting by the 'four pillars' of the banking sector.

NZ shares gain; Spark dominates in moribund trading

29 October 2018 - New Zealand shares rose in lacklustre trading dominated by Spark New Zealand, which will update shareholders at this week's annual meeting.

NZ shares mixed as global investors spooked by Amazon, Google results

26 October 2018 - New Zealand shares were mixed as weaker than expected earnings from global tech giants spooked investors already wary of over-valued equity markets.

Shares extend slide as global jitters dent growth stocks; Gentrack, Pushpay drop

25 October 2018 - New Zealand shares fell for a fifth day as a rout on Wall Street spread into Asian markets, weighing heavily on growth stocks such as software firms Gentrack and Pushpay.

Fletcher hits 6-month low and NZ shares down for 4th day in a row

24 October 2018 - New Zealand shares fell for a fourth session as Fletcher Building dropped to a six-month low and dairy companies A2 Milk and Synlait Milk remained under pressure.

NZ shares fall as F&P Healthcare loses latest patent dispute

23 October 2018 - New Zealand shares fell to a four-month low, with Fisher & Paykel Healthcare among the hardest hit after the breathing mask maker lost the latest round in a wide-ranging patent dispute.

NZ shares fall most across Asia; Z still under pressure

19 October 2018 - New Zealand shares fell the most across Asia as Z Energy led the market lower for another day amid rising oil prices, growing competition and the threat of increased regulation.

Restaurant Brands soars on takeover talk, but stocks dip

18 October 2018 - New Zealand shares were mixed as a dip by blue-chips Spark New Zealand, A2 Milk and Contact Energy took the sheen off Restaurant Brands New Zealand's double-digit spike on a takeover bid.

A2 calms critics with strong sales

17 October 2018 - New Zealand shares rose, led by A2 Milk Co, which calmed nervous investors with a strong first-quarter update. Synlait Milk followed suit, albeit on much lighter volumes.

NZ shares fall as Meridian faces declining hydro storage

16 October 2018 - New Zealand shares fell for a second day with Meridian Energy lower as the power company confronts dry conditions, and exporters Comvita and Fisher & Paykel Healthcare faced a stronger kiwi dollar.

NZ shares dip as Fletcher gives up pursuit of Steel & Tube

15 October 2018 - New Zealand shares dipped, outperforming many Asian markets, as Fletcher Building aborted its pursuit of Steel & Tube Holdings after its increased offer wasn't warmly embraced by the targe

Blue chip stocks drive NZX recovery

12 October 2018 - New Zealand shares ended a nine-day losing streak, with A2 Milk and blue-chip stocks such as Spark New Zealand, Mercury NZ and Auckland International Airport driving the recovery.

NZ shares drop to 4-month low following Wall St rout; A2 slumps 11%

11 October 2018 - New Zealand shares joined Wall Street's rout, falling to a four-month low as investors sold out of growth-orientated stocks against the backdrop of rising US interest rates. A2 Milk Co led the slide, shedding more than a tenth of its value.

Investors remain nervous; Fonterra down

10 October 2018 - New Zealand shares fell for an eighth day as investors remain uncertain about the global economic outlook. Fonterra Shareholders' Fund fell on the milk processor's lower forecast payout to farmers.

NZ shares fall for 7th day as US bond yields hold sway

9 October 2018 - New Zealand shares fell for a seventh day. Rising US bond yields kept a lid on equity markets across Asia, weighing on growth-orientated stocks such as A2 Milk Co and Pushpay Holdings.

NZX closes at lowest level in a month; Rising US bond yields ripple through Asia

8 October 2018 - New Zealand shares joined a global sell-off as rising US bond yields took the sheen off blue-chip stocks including Fletcher Building, Contact Energy and Spark New Zealand. Z Energy fell to a two-and-a-half month low on a threat of heightened regulation.

NZ shares fall as rising yields trim demand; Synlait drops

5 October 2018 - New Zealand shares fell for a sixth session as rising US bond yields dented investors' appetite for stocks. Synlait Milk led the market lower, dropping to a five-month low.

A2 still in the dog-box; Genesis, Akl Airport shed dividend rights

4 October 2018 - New Zealand shares fell for a fourth day as A2 Milk Co remains out of favour after recent selling by its chief executive and a director. Genesis Energy and Auckland International Airport also declined after shedding rights to dividend payments.

A2 director sells; Fletcher overture rebuffed; market falls

3 October 2018 - New Zealand shares fell, led by A2 Milk Co, after one of the company's directors sold a small parcel of shares. Fletcher Building declined after surprising investors with a takeover bid for Steel & Tube Holdings.

Shares slip on rising costs, dwindling business confidence

2 October 2018 - New Zealand shares slipped as the weakest business confidence in nine years and fears over future profitability weighed on stocks linked to the local economic cycle.

NZ shares fall as Spark, Ryman give up recent gains in quiet trading

1 October 2018 - New Zealand shares fell as stocks that rallied into the end of the quarter - including Spark New Zealand and Ryman Healthcare - gave up some of those gains.

NZ shares climb as NZX50 gains 4.3% in September quarter

28 September 2018 - New Zealand shares rose in the final day of the quarter, led higher by blue-chip stocks such as Spark New Zealand and Ryman Healthcare.

NZ shares fall as A2 extends decline, property stocks lose shine

27 September 2018 - New Zealand shares fell as A2 Milk Co extended its decline since its chief executive sold down her holding. Rising bond yields also dimmed the lustre of property stocks.

NZ shares edge up; rising oil prices keep Air NZ cautious

26 September 2018 - New Zealand shares edged higher as improved confidence lifted building and tourism stocks. Rising oil prices kept investors nervous about higher energy costs for companies, and was identified as a headwind for Air New Zealand at its annual meeting.

NZ shares inch higher as investors eye upcoming AGMs

25 September 2018 - New Zealand shares edged higher as investors wait for the upcoming round of annual meetings for a clearer steer on company outlooks.

NZ stocks mixed, A2 Milk leads declines

24 September 2018 - New Zealand shares were mixed as last week’s FTSE index adjustments rippled through major stocks today. A2 Milk, which has entered the FTSE Russell All World Index, led the declines; Sky Network Television, which made way for it, led the gains.

NZ shares edge higher, boosted by tourism data, earnings

21 September 2018 - New Zealand shares edged higher as strong tourism data boosted prospects for airports and attraction operators. A2 Milk rose for a third day ahead of the reweighting of FTSE indices that it will have a larger presence in.

NZ shares rise as Tourism Holdings upgraded; Spark sheds dividend rights

20 September 2018 - New Zealand shares edged higher as Tourism Holdings snapped a seven-day slide on a broker upgrade. Spark New Zealand was among several companies shedding rights to dividends.

NZ shares shrug off Synlait slump, join global rally

19 September 2018 - New Zealand shares rose as investors shrugged off a slightly gloomier outlook for Synlait Milk and joined a global rally as the latest bout in the US-China trade war wasn't as harsh as feared.

NZ shares gain as yields remain attractive in low rate environment

18 September 2018 - New Zealand shares rose as high dividend yields from the likes of Spark New Zealand and NZX remain attractive for investors in a low interest rate environment.

MARKET CLOSE: NZ shares mixed as index rebalancing looms; Pushpay, A2 gain

17 September 2018 - New Zealand shares were mixed in light trading as investors weighed up the impact of index rebalancing at the end of this week. Growth stocks Pushpay Holdings and A2 Milk Co gained, while Sky Network Television fell.

MARKET CLOSE: NZ shares gain as thaw in US-China trade relations boosts optimism; Pushpay rises on upgrade

14 September 2018 - New Zealand shares joined the global rally in equity markets as the prospect of improving trade relations between the US and China lifted investor confidence. Pushpay Holdings led the market higher after getting a broker upgrade.

MARKET CLOSE: NZ shares join Asia rally on trade optimism; Fonterra loss dominates headlines

13 September 2018 - New Zealand shares rose, joining a regional rally on optimism over US-China trade relations. Fonterra Cooperative Group's first annual loss dominated local headlines.

MARKET CLOSE: NZ shares drop back as SkyCity, Air NZ weaken; NZX rises on Nasdaq MOU

12 September 2018 - New Zealand shares dropped back, led lower by Mercury NZ and SkyCity Entertainment Group, as yesterday's gains weren't repeated.

NZ shares up 2% as energy stocks rally on expert report; A2, Fisher & Paykel Health gain

11 September 2018 - New Zealand shares rose strongly in busy trading, led by A2 Milk Co and Contact Energy. Energy stocks gained on the release of a sector report which allayed fears of tighter regulation.

NZ shares drop from recent highs; Ryman, Fletcher fall

10 September 2018 - New Zealand shares weakened from recent highs, led lower by Ryman Healthcare and Fletcher Building.

NZ shares fall as investors cash in August gains; Tourism Holdings, A2 drop

7 September 2018 - New Zealand shares fell for a third session, taking their weekly decline to 2.3 percent, as investors cashed in some of August's gains in what was a strong month for the local market. Tourism Holdings and a2 Milk Co declined.

NZ shares drop as stocks shed dividend rights; Synlait, Heartland, A2 fall

6 September 2018 - New Zealand shares dropped as many large stocks shed their dividend rights, with Synlait Milk, Heartland Bank and A2 Milk Co leading the index lower.

NZ shares fall, Sky TV and FPH drop while Chorus, Arvida rise

5 September 2018 - New Zealand shares fell, led lower by Sky Network Television on continued earnings worries and Fisher & Paykel Healthcare, while Chorus and Arvida Group gained.

NZ shares gain as investors eye rate cut change; Sky TV, Port of Tauranga gain

4 September 2018 - New Zealand shares rose as investors weigh up the prospect of a potential rate cut, spurring demand for stocks with high dividends, in a world economy that remains relatively robust. Sky Network Television, Spark New Zealand and Chorus gained.

NZ shares fall today, led lower by Sky TV and Tourism Holdings, but gain 4.4% in August

31 August 2018 - New Zealand shares dipped, led lower by Sky Network Television and Tourism Holdings, but gained over 4% in the month after a busy earnings season.

NZ shares drop as Sky TV, NZX fall; Vector, Chorus gain

30 August 2018 - New Zealand shares dropped from yesterday's record, led lower by Sky Network Television and NZX. Vector and Chorus gained.

MARKET CLOSE: NZ shares hit record; Synlait, a2 gain while Sky TV, Z Energy drop

27 August 2018 - New Zealand shares hit a record, led higher by Synlait Milk and a2 Milk Co while Sky Network Television continued Friday's decline.

NZ shares drop as Air NZ, Ebos fall; F&P Healthcare, Auckland Airport gain

23 August 2018 - New Zealand shares dropped as investors picked a weaker outlook for Air New Zealand and Ebos. Fisher & Paykel Healthcare Corp and Auckland International Airport gained on expectations for continuing strong earnings growth.

NZ shares at fresh record as Trade Me, A2, Meridian gain on earnings; Fletcher drops

22 August 2018 - New Zealand shares hit another record amidst a slew of earnings, with Trade Me Group and A2 Milk Co gaining on their annual accounts while Fletcher Building dropped.

NZ shares drop as Pushpay weakens further while Skycity gains on earnings

8 August 2018 - MARKET CLOSE: New Zealand shares fell, led lower by Pushpay Holdings' continued weakness, while Skycity Entertainment Group gained on its strong annual results.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.15 4.09 4.49
ANZ Special - 3.65 3.59 3.99
ASB Bank 5.20 4.15 4.09 4.39
ASB Bank Special - 3.65 3.59 3.89
BNZ - Classic - 3.65 3.59 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
Housing NZ Corp 5.19 4.29 4.29 4.49
HSBC Premier 5.24 3.35 3.35 3.35
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.30 4.34 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.59 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 5.30 4.86 4.14 4.19
Lender Flt 1yr 2yr 3yr
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.69 3.69 3.99
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.65 3.59 3.99
The Co-operative Bank - Standard 5.15 4.15 4.09 4.49
TSB Bank 6.09 4.65 4.59 4.85
TSB Special 5.29 3.85 3.79 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.34 - - -
Westpac Special - 3.65 3.59 3.99
Median 5.35 4.15 4.09 4.19

Last updated: 13 September 2019 12:48pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

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