New Zealand Stock Markets
New Zealand shares were mixed, with Ryman Healthcare and Stride
Property making gains while Port of Tauranga and A2 Milk Co declined.
The S&P/NZX 50 Index rose 28.34 points, or 0.4 percent, to 8,130.29. Within the index, 21 stocks fell, 15 rose and 14 were unchanged. Turnover was $179 million.
Ryman led the index higher for a second day, gaining 3.7 percent to $9.80. The country's biggest retirement village operator and developer said yesterday it had boosted first-half profit 8.4 percent to $202.6 million, and lifted its interim dividend, after reaping bigger margins on resales of existing units, even as the broader property market slowed.
Stride gained 3 percent to $1.74, continuing yesterday's gains which came after it posted a 44 percent gain in first-half profit to $33.3 million as growth in management fees and lower costs made up for a decline in rental income.
Kathmandu Holdings rose 2.9 percent to $2.49. The outdoor equipment retailer, which held its annual meeting today, said this week that first-quarter earnings were up despite sales dipping as it widened margins by selling less discounted stock.
Auckland International Airport advanced 1.8 percent to $6.31. In its monthly traffic update today, the company said international passengers (excluding transits) were up by 6.8 percent in October 2017 compared to October 2016, and Chinese visitor arrivals were up 10.7 percent.
Port of Tauranga was the worst performer, down 1.8 percent to $4.87. Today, Marsden Point-based Northport, which is co-owned by Marsden Maritime Holdings and Port of Tauranga, published its vision for growth which could see the port grow to more than twice its current size if container operations are moved from Ports of Auckland.
A2 Milk dropped 1.2 percent to $8.33 and Fletcher Building declined 1 percent to $6.86.
Outside the benchmark index, Warehouse Group gained 0.5 percent to $2.05. Chair Joan Withers and chief executive. Warehouse's share price has fallen around 30 percent since the annual meeting a year agoThe stock last traded at $2.04 versus around $3 at the prior AGM.
The S&P/NZX 50 Index rose 28.34 points, or 0.4 percent, to 8,130.29. Within the index, 21 stocks fell, 15 rose and 14 were unchanged. Turnover was $179 million.
Ryman led the index higher for a second day, gaining 3.7 percent to $9.80. The country's biggest retirement village operator and developer said yesterday it had boosted first-half profit 8.4 percent to $202.6 million, and lifted its interim dividend, after reaping bigger margins on resales of existing units, even as the broader property market slowed.
Stride gained 3 percent to $1.74, continuing yesterday's gains which came after it posted a 44 percent gain in first-half profit to $33.3 million as growth in management fees and lower costs made up for a decline in rental income.
Kathmandu Holdings rose 2.9 percent to $2.49. The outdoor equipment retailer, which held its annual meeting today, said this week that first-quarter earnings were up despite sales dipping as it widened margins by selling less discounted stock.
Auckland International Airport advanced 1.8 percent to $6.31. In its monthly traffic update today, the company said international passengers (excluding transits) were up by 6.8 percent in October 2017 compared to October 2016, and Chinese visitor arrivals were up 10.7 percent.
Port of Tauranga was the worst performer, down 1.8 percent to $4.87. Today, Marsden Point-based Northport, which is co-owned by Marsden Maritime Holdings and Port of Tauranga, published its vision for growth which could see the port grow to more than twice its current size if container operations are moved from Ports of Auckland.
A2 Milk dropped 1.2 percent to $8.33 and Fletcher Building declined 1 percent to $6.86.
Outside the benchmark index, Warehouse Group gained 0.5 percent to $2.05. Chair Joan Withers and chief executive. Warehouse's share price has fallen around 30 percent since the annual meeting a year agoThe stock last traded at $2.04 versus around $3 at the prior AGM.
No comments:
Post a Comment