NZ sharemarket changes direction, up 1.1% on more positive results
The New Zealand sharemarket bounced back with a gain of more than 1%, supported by a strong recovery in the property sector and improved company results.
MORE»Ryman Healthcare's 21% fall after resuming trading brings NZX 50 down 1.8%
Ryman Healthcare is under the spotlight for the second day running as it plummeted nearly 20% and brought the New Zealand benchmark down with it.
MORE»Ryman's $1 bill capital raise focuses market; Stocks down overall
News of Ryman Healthcare’s $1 billion equity raise precipitated investors to sell other stocks so they could take part.
MORE»Spark was the story of the day; And it wasn't bright
The New Zealand sharemarket dropped nearly 1% today after investors voted with their feet following the release of Spark’s half-year result, resulting in a significant value drop.
MORE»SkyCity and Auck Airport drag market down
In a busy day of company disclosures, SkyCity Entertainment Group and Auckland International Airport helped drag the New Zealand sharemarket down after falling short of investors' expectations.
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