Stock Market

WBC, ANZ, FPH, MEL, AIA: Know all about the 5 largest NZX stocks

 WBC, ANZ, FPH, MEL, AIA: Know all about the 5 largest NZX stocks

Highlights New Zealand is home to some of the largest companies, renowned for offering quality products and services and strengthening the economy Westpac Banking is the largest NZX-listed company with a market of more than NZ$92 billion Fishe...

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Are green energy stocks – MCY, CEN, MEL – going to be the order of the day in 2021?

Are green energy stocks – MCY, CEN, MEL – going to be the order of the day in 2021?

NZX 50 has heavyweights in its portfolio. Energy stocks have been favourites at NZX 50 in the past year as the emphasis on climate change and renewable energy is taking the centrestage. The Companies are replacing coal and nuclear energy with wind a...

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What New Talisman’s (NZX:NTL) quarterly report reveals?

What New Talisman’s (NZX:NTL) quarterly report reveals?

After a disruptive first half of 2020, dual-listed New Talisman Goldmine Limited (NZX:NTL)  has hit the ground running. In its quarterly activity report, NTL revealed that the Company had undertaken several steps to implement the recommendations...

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Fonterra’s (NZX:FCG) NZ milk production stays flat while exports rise

Fonterra’s (NZX:FCG) NZ milk production stays flat while exports rise

Fonterra Co-operative Group Limited (NZX:FCG) is a NZ-based dairy nutrition company and is an exporter of dairy products across the world. Fonterra made a solid start to Q1 FY21 and continues to cash in on the momentum built in FY20. On 29 January ...

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NZX 50 ends the week with 40 points gain

NZX 50 ends the week with 40 points gain

Summary Most of the NZX’s indices ended the week in green. Cannasouth shares rose 5.26% today after news of their licensing success reached investors. Fonterra announced a partnership with Royal DSM to tackle methane emissions in the dai...

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Still flying low: Marginal increase in Air NZ’s December numbers

Still flying low: Marginal increase in Air NZ’s December numbers

Summary Air New Zealand December traffic numbers still weak due to overall impact of COVID-19 restrictions. As compared to November traffic, shows a marginal increase. In the short term, Air NZ trying to focus on domestic travel. Auckland...

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How did Melvin Capital end up blowing $3.75 Billion?

How did Melvin Capital end up blowing $3.75 Billion?

There’s a company called GameStop which had made a fortune selling video games from its physical stores in the 2000s. However, this is not 2000s and the physical games business has been completely overshadowed by digital space. Considering t...

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What are Arvida Group’s new fixed rate bonds all about

What are Arvida Group’s new fixed rate bonds all about

Summary Arvida Group announces seven-year fixed rate bonds worth NZ$75M. Bonds are for retail and institutional investors. The bond proceeds will be used for the diversification and paying off bank debt. Arvida Group Limited (NZX:ARV), wh...

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4 updates that caused shares’ price movement on NZX50 on Thursday

4 updates that caused shares’ price movement on NZX50 on Thursday

Summary FMA released a report highlighting the short comings of NZX’s security. A newly created government mandate concerned with curbing NZ transport emissions will come into play in 2022. Z Energy is appreciative of policy by the gover...

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Wellington Drive (NZX:WDT) all set to spread its wings in 2021?

Wellington Drive (NZX:WDT) all set to spread its wings in 2021?

On 28th of October 2020, the fourth quarter revenue of Wellington Drive Technologies Limited (NZX:WDT) was touted to hover around $10 million. As per the latest update, WDT’s 4Q 2020 revenue has been noted at $10.4 million.  This is a w...

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Trustpower (NZX:TPW) shares drop as it announces retail strategic review

Trustpower (NZX:TPW) shares drop as it announces retail strategic review

Summary Trustpower Limited announced strategic evaluation of its retail business to test market interest. The evaluation is likely to take several months to get completed. TPW shares dropped post the news, down ~2% at $8.59. The review announc...

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