Index Update:On 17thMarch, the broader NZ market closed flat amidst challenging global landscape. On the same day, S&P/NZX 50 Index witnessed a marginal rise of 0.13% to end at 13,182.230 and S&P/NZX 20 Index increased by 0.24% to close at 7,466.420. Notably, S&P/NZX 10 …
Mercury NZ Limited (NZX:MCY) has officially launched a major expansion at the Ngā Tamariki Geothermal Station, strengthening New Zealand’s renewable energy capacity. The $220 million project introduces a fifth-generation unit with a capacity of 55 megawatts, more than doubling the output of each of …
My Food Bag Group Limited (NZX:MFB) has released a market update outlining continued growth momentum for the financial year ending 31 March 2026 (FY26). The company expects full-yearrevenueto increase by 4.9% compared with the prior year, supported by a stronger second-half performance. Revenue in …
Promisia Healthcare Limited (NZX:PHL) has announced forthcoming changes to its governance structure, effective at and following the 2026Annual Shareholders Meeting. Tom Brankin will transition from his executive position to remain on the Board as a non-executive director. During his tenure in an executive capacity, …
US equities ended sharply higher on March 16 as investors welcomed a decline in crude oil prices and renewed optimism around technology stocks. The benchmarkS&P 500rose about 1% to 6,699.38, marking its strongest session in several weeks. Meanwhile, theDow Jones Industrial Averageclimbed roughly 0.8% …
New Zealand equities opened cautiously on March 17 as investors weighed rising geopolitical tensions, higher oil prices, and signs of weakening domestic economic activity. The benchmark S&P/NZX 50 Index entered the session under mild pressure following a weaker close in the previous trading day, …
Index Update:On 16thMarch, the broader NZ market closed slightly lower amidst decline in the consumer discretionary sector, with S&P/NZX 50 Index falling by 0.17% to end at 13,164.580 and S&P/NZX 20 Index declining 0.12%. On the same day, S&P/NZX 10 Index witnessed a fall …
New Zealand’s equity market began the week on a cautious note on March 16, with the benchmarkS&P/NZX 50 Indexopening slightly weaker as investors reacted to global uncertainty and rising commodity prices. Market sentiment was influenced largely by geopolitical tensions in the Middle East, which …
Auckland International Airport Limited (NZX:AIA) reported solid passenger growth in its February 2026 monthly traffic update, with international travel continuing to recover and domestic demand remaining strong. Total international passenger movements reached 873,000 during the month, representing a 3% increase compared with February 2025. …