![]() ![]() Smartpay Holdings decreased 4c or 2.23 per cent to $1.75 Steel & Tube was down 3c or 2.42 per cent to $1.21 Bremworth declined 3c or 6.25 per cent to 45c and Pacific Edge slipped a further 0.006c or 4.32 per cent to 13.3c. Utilities investor Infratil gained 7c to $9.91. In the energy sector, Contact was up 6c to $8.36, and Manawa was down 5c to $4.75. Some supermarkets are up for sale and this could lead to new valuation benchmarks. Goodson said Investore, owner of bulk retail buildings, has had a good run lately but there was concern about the sustainability of its dividend return. “We remain sceptical of the Reserve Bank’s expectation that the unemployment rate will rise as steeply as it did during the global financial crisis over coming quarters,” ANZ said.Įbos Group was down 56 cents to $37.24 Chorus declined 16c or 1.87 per cent to $8.415 a2 Milk decreased 9c to $5.42 Summerset Group also shed 9c to $10.11 Tourism Holdings gave up 8c or 2.3 per cent to $3.40 and Investore fell 6c or 4.08 per cent to $1.41. But employment growth rose 1 per cent, much stronger than the expected 0.6 per cent.ĪNZ Research said in a release that while the labour market undoubtedly remains beyond maximum sustainable employment, there were unders and overs in the data, and the numbers are unlikely to move the dial for the Reserve Bank one way or the other. Latest statistics showed unemployment increased to 3.6 per cent from 3.4 per cent in the second quarter, slightly higher than the forecast of 3.5 per cent. ![]() ![]() “It’s pretty quiet, volumes slightly improved and the market is awaiting the earnings season ,” he said. Matt Goodson, managing director of Salt Funds Management, said the local market continues to march on, oblivious to the macro-economic risks overseas. Across the Tasman, the S&P/ASX 200 Index was down 1.25 per cent to 7357.4 points.īefore the Fitch announcement, the Dow Jones Industrial Average had its 16th gain in 17 trading sessions, increasing 0.2 per cent to 35,630.68 points. The Hong Kong Hang Seng index was down 2.17 per cent to 19,575.94 points at 6pm NZ time, and Japan’s Nikkei had fallen 2.23 per cent to 32,729.76. Rating agency Fitch put the cat among the pigeons by downgrading US debt from AAA to AA+, citing fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations that threaten the American Government’s ability to pay its bills. There were 52 gainers and 76 decliners on the main board, with 30.43 million shares worth $107.06 million changing hands. The New Zealand sharemarket shrugged off weakness in overseas bourses as the United States’ credit rating was downgraded because of “a steady deterioration in standards of governance”.Īfter a mixed day on Wall Street, the S&P/NZX 50 Index fell sharply in the morning to a low of 11,924.15 but then recovered to finish flat at 11,962.04, down 18.36 points or 0.15 per cent. Good Spirits will delist from the NZX exchange following the sale. Good Spirits Hospitality was unchanged at 2.4c after finding a buyer for its nine bars and restaurants, which includes Danny Doolans in Auckland. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |