Wall Street flurry fails to lift NZX

New Zealand shares failed to ignite on Tuesday, with the benchmark top-50 index closing a touch in the red despite earlier excitement on Wall Street.

The NZX-50 ended the day down 0.17 per cent, or 19.8 points, at 11,770.75, after a minor bump to start the week.

“The market overall hasn’t changed that much, it’s been a bit flat,” said Greg Main, Wealth adviser at Jarden.

“It has been a bit of a continuation of recent themes, with some of the smaller stocks performing relatively well.”

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Ricky Wilson/Stuff

The NZX-50 ended the day down 0.17 per cent.

Late on Tuesday afternoon the exchange website went down, understood to be due to another cyber attack. Trading was unaffected.

Markets were looking ahead to companies that could potentially benefit from the lifting of Covid-19 restrictions, as people started to look towards a possible Covid vaccine release, he said.

Among those stocks were Auckland International Airport, which ended the day up 0.7 per cent at $7.10; and Air New Zealand, up 0.74 per cent at $1.35.

THL, which upgraded its profit guidance on Monday, closed up 0.46 per cent, or 1c, at $2.20.

Travel booking software company Serko rose 4.4 per cent to $4.44, ahead of its inclusion in the top-50 index on September 21.

Bank owner Finance Heartland Group gained 1.7 per cent to $1.17, after news on Tuesday that it had secured a funding line for its reverse mortgage operation in Australia.

Heartland said it now had access to A$1 billion in Australian reverse mortgage funding after arranging

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