Stock Exchange

The New Zealand Stock Exchange operator, NZX, yesterday reported a much improved operating profit of $11.55 million for the six months ended June.

A takeover offer for New Zealand Farming Systems Uruguay (NZRSU) offered some rare positive news for investors in the New Zealand sharemarket, as most stocks succumbed to general weakness in international markets.

The New Zealand sharemarket started the day with a solid increase after stocks in the United States rallied for a sixth straight day as the earnings season got off to a good start.

The New Zealand sharemarket closed a touch weaker after a quiet session, with all eyes on Wall Street after the company reporting season kicked off in the United States with a positive surprise.

The New Zealand sharemarket posted modest gains on very low volume but brokers said it could be an interesting week with the US corporate reporting season getting under way.

The New Zealand sharemarket was modestly ahead at the start of trading for the week, after six consecutive days of gains had seen it pull away from an 11-month low early in the month.

The New Zealand sharemarket extended its run of gains to a sixth consecutive trading day, though there was little corporate news to trade on until SkyTV revealed plans to buy the outside broadcast business it currently uses.

Listed infrastructure company Infratil is to dual list on the Australian stock exchange, positioning itself to appeal to a wider range of institutional investors with an eye to raising capital in the future, according to brokers.

The New Zealand sharemarket posted modest gains today when most markets in Asia were weaker but volumes remained low.

New Zealand shares posted a last-minute surge today after the Reserve Bank of Australia left interest rates steady, having spent almost all the session in the red.

The New Zealand sharemarket ended a week in which global data stole the show on a flat note.

The New Zealand sharemarket started the week badly and brokers can see little on the horizon to lift it from its current malaise.

The New Zealand sharemarket reversed much of yesterday's gains in a generally quiet session, with Sky City one of the few to rise despite announcing a one-off hit of $60m on this year's profit due to tax changes.

The New Zealand sharemarket fell today in line with a trend in Asian markets.

The New Zealand sharemarket rallied today after a strong performance by Wall Street, and one of the biggest gainers on a big news day for New Zealand soccer was pay television operator SkyTV.