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NZ Market Ends in Red

Index Update:On 24thJanuary 2025, the broader NZ market closed lower amidst decline in the materials sector. On the same day, S&P/NZX 50 Index witnessed a decline of 0.27% to end at 13,024.700 and S&P/NZX 20 Index fell by 0.18% to 7,813.130. Also, S&P/NZX 10 …

Team Kalkine | 24 January 2025

Contact Energy (NZX:CEN) plans to operationalise over 200MW of new geothermal power stations within a year

Contact Energy Limited (NZX:CEN), a prominent energy generator and retailer in New Zealand, is making significant strides in decarbonisation with a strong focus on renewable energy projects. The company aims to operationalise over 200MW of newly constructed geothermal power stations within the next 12 …

Team Kalkine | 23 January 2025

NZ Market Closes in Green: What Investors Need to Know

Index Update:On 23rdJanuary 2025, the broader NZ market ended higher amidst buying in the energy sector. On the same day, S&P/NZX 50 Index witnessed a rise of 0.18% to end the session at 13,060.080 and S&P/NZX 20 Index increased by 0.07% to close at …

Team Kalkine | 23 January 2025

Energy Sector Impacts NZ Market

Index Update:On 22ndJanuary 2025, the broader NZ market closed lower amidst sell-off in the energy sector. On the same day, S&P/NZX 50 Index witnessed a fall of 0.12% to end the session at 13,037.140 and S&P/NZX 20 Index fell by 0.18% to 7,821.470. However, …

Team Kalkine | 22 January 2025

NZ Market Closes in Red: What Should Investors Do?

Index Update:On 21stJanuary 2025, the broader NZ market ended in red amidst decline in the healthcare sector. On the same day, S&P/NZX 50 Index and S&P/NZX 20 Index witnessed a fall of 0.27% and 0.34%, respectively. Also, S&P/NZX 10 Index encountered a fall of …

Team Kalkine | 21 January 2025

Steel & Tube Holdings (NZX:STU) Reports Sharp Profit Decline in FY24, Share Price Drops 29% in One Year

Steel & Tube Holdings Limited (NZX:STU) is a leading New Zealand-based provider of steel solutions, operating within the Metals & Mining industry. In the financial year 2024 (FY24), the company’s EBITDA saw a notable decline of 39.44% YoY to NZD 31.4 million from NZD …

Team Kalkine | 21 January 2025

Broad-based Selling Weighs Over NZ Market

Index Update:On 20thJanuary 2025, the broader NZ market ended the trading session lower, with S&P/NZX 50 Index declining by 0.32% to end at 13,088.310 and S&P/NZX 20 Index falling by 0.39%. Also, S&P/NZX 10 Index witnessed a fall of 0.22% and S&P/NZX 50 Portfolio …

Team Kalkine | 20 January 2025

NZ Market Witnesses Robust Buying

Index Update:On 17thJanuary 2025, the broader NZ market witnessed significant buying as consumer staples sector ended higher. On the same day, S&P/NZX 50 Index witnessed an increase of 1.00% to end the session at 13,130.430 and S&P/NZX 20 Index rose by 1.09% to end …

Team Kalkine | 17 January 2025

Restaurant Brands (NZX:RBD) targets NZD 2bn in group store sales as part of its growth plan

Restaurant Brands New Zealand Limited (NZX: RBD) is a corporate franchise with specialisation in management of multi-site branded food retail chains. The company is engaged in the operation of quick service and takeaway restaurant concept.

Team Kalkine | 16 January 2025

Buying in IT Sector Supports NZ Market

Index Update:On 16thJanuary 2025, the broader NZ market closed the trading session in green amidst buying in the IT sector. On the same day, S&P/NZX 50 Index witnessed a rise of 0.44% to end the session at 13,000.670 and S&P/NZX 20 Index increased by …

Team Kalkine | 16 January 2025