The New Zealand sharemarket posted modest gains today as Telecom's share price rose from a record low, though investors are cautious ahead of non-farm payroll data in the United States and a long holiday weekend here.
Telecom shares fell to a new record low today in a New Zealand sharemarket which under-performed other markets.
The New Zealand sharemarket was weaker today, reflecting weak offshore markets and a quiet corporate news day.
The New Zealand sharemarket was helped along by a rises in selected leading stocks today but trading was thin with the week in the United States and United Kingdom starting with holidays.
The New Zealand sharemarket started the day with a burst which fizzled out as the day progressed and a mixed bag of profit results were reported.
Telecom shares rose 2.7 percent in a New Zealand sharemarket that posted a 0.245 percent gain as equity markets around the world found some composure at least for now.
The New Zealand sharemarket managed a positive start to the week even though Telecom's confirmation that it is prepared to fully separate its business added further uncertainty to an already nervous market.
The New Zealand sharemarket failed to get a lift from a well received government budget and slipped for a fifth successive session as offshore markets continued to weaken.
The New Zealand sharemarket closed lower on a day in which other markets were even weaker as investors beaten up by recent market volatility remained cautious.
The New Zealand sharemarket posted solid gains today, helped by a recovery in Fletcher Building and rises in offshore markets where investors are more confident about the global economic recovery.
The New Zealand sharemarket drifted lower in quiet trading today as investors adopted a wait and see attitude to next week's government budget.
New Zealand shares closed a touch weaker today despite some strong gains for smaller stocks, as investors turned cautious while global markets lurched.
The New Zealand sharemarket's benchmark index fell to a near seven week low today as investors focused on the implications of the Greek debt crisis even though the economic news in New Zealand was positive.
Australian mining stocks have endured a three-day hammering by fleeing investors and before yesterday's ASX close, four major stocks had shed a collective $A12 billion ($NZ15.1 billion) in market capitalisation.
The New Zealand sharemarket fell 1.492 percent today as a global equity market rout continued in this time zone.
The New Zealand sharemarket inched up about half a percent today as it continued to feel the weight of the Australian market, still reeling from news of a tax on the key mining industry.
The New Zealand sharemarket headed lower today after stocks tumbled in the United States on Friday and Australian mining shares took a hit.
The New Zealand sharemarket posted another modest gain today to end a week in which global markets wobbled with composure.
The New Zealand sharemarket was moderately stronger in early trade after stocks in the Untied States chalked up their best day in nearly two months.
The board of Botry Zen, which was placed in receivership in late December, will resign this morning, saying they have no further role in the company's future.
