
Market close: NZ stocks end week on a high
The local index was up 60.55 points or 0.48%.
The local index was up 60.55 points or 0.48%.
Volumes were strong and cyclical stocks continue to recover.
The local index was supported by improved company results.
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Ryman Healthcare was in the glare for the second day running, dragging the benchmark down.
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Other retirement village stocks were hit hard on the news of Ryman's equity raise.
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Focus has turned to those companies who will benefit from this week's RBNZ rate cut.
SkyCity Entertainment Group and Auckland International Airport help drag market down.
Casino company had to spend more money than anticipated in Australia, CEO says.
NZ stocks ended slightly down with Fletcher Building outperforming after the OCR cut.
The RBNZ warned of uncertainty around US tariffs and geopolitical events.
The Reserve Bank is now offering a fresh take on where the economy is headed.
Intense competitive forces, slowing of demand influence result.
Capital inflows could be at risk if anti-organised crime rule changes fail.
The S&P/NZX 50 Index closed at 13,051.12, down 17.81 points or 0.14%.
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And US inflation comes in hotter than forecasts had expected.
All eyes were on Contact Energy and Mercury.
Vulcan Steel kicked off the reporting season on a disappointing note.
Westpac said global dairy prices have generally held their ground.
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Trading was solid on the NZ sharemarket the day after the Waitangi public holiday.
There are some stark contrasts between the local index and other comparable markets.
The New Zealand sharemarket fell nearly 0.5% as unemployment figures increased.
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