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Covid cases surge again: Will there be another lockdown?
Economy

Covid cases surge again: Will there be another lockdown?

Highlights On Monday, new Covid cases reported in the UK were 49,156, highest reported since 17 July this year. The UK government is relying on the success of vaccination programme to avoid imposing fresh restrictions again this winter. &n...

Can Bitcoin end 2021 with a price tag of $100,000?
Cryptocurrency

Can Bitcoin end 2021 with a price tag of $100,000?

A few hiccups aside, 2021 has been a great year for Bitcoin and its backers. Where does Bitcoin go from here? Will the world’s largest crypto asset soon touch the US$100,000 mark? A few analysts believe that the resistance level of BTC is ap...

What is bamboo app? How does it work?
Cryptocurrency

What is bamboo app? How does it work?

The cryptocurrency investment space is becoming more competitive. Players with their unique offerings are finding patronage. Non-fungible token (NFT) space is gaining traction, and Coinbase NFT has come to compete with OpenSea, which claims to be t...

What is the LunarCrush crypto?
Cryptocurrency

What is the LunarCrush crypto?

Cryptocurrencies are becoming increasingly popular, and even countries have started adopting virtual currency as a legal tender. As one of the most popular investment options today, joining the community of crypto investors without sufficient knowl...

Why these 4 NZX value stocks are worth following in October
Value Stocks

Why these 4 NZX value stocks are worth following in October

Stocks trading at less than price relative to their fundamentals, healthy dividend yields, low P/B and P/E ratios can be termed as value stocks. Value stocks are known to be performing better during a high-inflation period. As per the latest data ...

'Psychic' Mr Goxx is more than a force to reckon with
Cryptocurrency

'Psychic' Mr Goxx is more than a force to reckon with

Mr Goxx, a pet hamster, grabbed headlines worldwide when his interest in crypto trading took the world by storm and managed to impress likes of Elon Musk and others. His unique modus operandi, where he runs on a hamster wheel and selects what...

The Crypto Hype is Scaring me more than Halloween!
Cryptocurrency

The Crypto Hype is Scaring me more than Halloween!

The word Crypto is trending and has been trending for quite some time now. The craze that this digital currency has caused is immense and an immeasurable now. According to Coinmarket, the market has grown from around US$16 billion to US$2.9 trillion ...

Would 4 NZX financial stocks be impacted by high inflation?
Financial Stocks

Would 4 NZX financial stocks be impacted by high inflation?

Highlights Financial companies may do well, as per market reports, during the time of high inflation. ANZ is facing reports of security violations. Tower announced the appointment of new CFO, Paul Johnston. New Zealand Monday reported a 2...

  • October 19, 2021 10:58 PM NZDT
  • Sonal
How are 4 prominent NZX healthcare penny stocks performing?
Penny Stocks

How are 4 prominent NZX healthcare penny stocks performing?

Highlights Market analysts are of the opinion that the healthcare space is all set to witness growth, which might give potential to small companies to thrive upon. Rua Bioscience released its ASM presentation highlighting its four key pillars. ...

Consumer Staples and Healthcare Sectors Supported NZ Market
Market Updates

Consumer Staples and Healthcare Sectors Supported NZ Market

On 19th October 2021, the equity market in New Zealand ended in green as sectors like consumer staples, healthcare as well as industrials encountered buying. NZX 50 Index and NZX 20 Index increased by 0.52% and 0.68%, respectively. Also, NZX All Cons...

How are 5 NZX energy stocks aiding clean projects in 2021?
Climate Change

How are 5 NZX energy stocks aiding clean projects in 2021?

Highlights  The NZ government has committed $1.3 billion to support countries most exposed to climate change. Trustpower appointed Catherine Thompson as General Manager, Regulatory and Risk, on Tuesday. Z Energy declared that the last day...

  • October 19, 2021 07:54 PM NZDT
  • Sonal
Is Fantom About To Explode?
Cryptocurrency

Is Fantom About To Explode?

This year has seen a marked shift in the value distribution dynamics of the cryptocurrency market. Although Bitcoin still remains the most valuable digital asset, the dominance gap has been significantly diminished by Ethereum’s rapid growth....

PGG Wrightson (NZX:PGW):How has COVID-19 affected the Company’s guidance?
Stock Market

PGG Wrightson (NZX:PGW):How has COVID-19 affected the Company’s guidance?

Highlights The Company is hopeful and anticipate operating EBITDA to be widely in accordance with last year’s notable performance. Though the major trading months are still to come, the positivity demonstrated via farmers and grower consu...

Heartland Group (NZX:HGH): Why is it organising a virtual AGM?
Financial Stocks

Heartland Group (NZX:HGH): Why is it organising a virtual AGM?

Highlights Heartland announced that it would hold its AGM virtually on 28 October 2021. The meeting will be conducted online due to New Zealand’s current COVID-19 Alert Level status. Heartland expects its NPAT to be between $93 million a...

  • October 19, 2021 04:44 PM NZDT
  • Sonal
Why Tether’s US$41 Million Fine Is a Cause for Concern?
Cryptocurrency

Why Tether’s US$41 Million Fine Is a Cause for Concern?

One of the biggest downsides of cryptocurrency is its volatility. A look at Bitcoin this year alone gives a solid indication of just how unstable the value of digital currencies can be at any given moment. This is where the demand for stablecoins ...

Crude oil tumbles as US factory data deepens demand concerns
Commodities

Crude oil tumbles as US factory data deepens demand concerns

Highlights Crude oil edged lower on Monday. The production at the US factories tumbled to the lowest level in September. China's third-quarter economic growth has been dropped to the lowest level in the year due to power shortages. Crude ...

Freightways (NZX:FRE) acquires Kiwi-owned ProducePronto
Stock Market

Freightways (NZX:FRE) acquires Kiwi-owned ProducePronto

Freightways Limited (NXZ:FRE) announced on Tuesday that it had procured Kiwi-owned ProducePronto that will be a part of its Express Package division with FRE taking ownership of the same on 1 November 2021. The acquisition price stands at NZ$10 milli...

  • October 19, 2021 02:41 PM NZDT
  • Sonal
AFT Pharmaceuticals (NZX:AFT) : Maxigesic IV® gets regulatory consent in the UK and Ireland
Stock Market

AFT Pharmaceuticals (NZX:AFT) : Maxigesic IV® gets regulatory consent in the UK and Ireland

Highlights AFT got regulatory consent for Maxigesic IV in the UK and Ireland. The Group has plans to introduce over 10 new products in Australia. AFT Pharmaceuticals Limited (NZX:AFT) announced on Tuesday that the intravenous form of Maxig...

  • October 19, 2021 01:52 PM NZDT
  • Sonal
S&P 500, Nasdaq rise on tech gains, Dow slips
Market Updates

S&P 500, Nasdaq rise on tech gains, Dow slips

The S&P 500 and tech-savvy Nasdaq closed higher on Monday, October 18, bolstered by gains in technology stocks and upbeat corporate earnings. The S&P 500 was up 0.34% to 4,486.46. The Dow Jones fell 0.10% to 35,258.61. The NASDAQ Composite r...

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