New Zealand Stock Markets
New Zealand shares were mixed, with Kathmandu Holdings up and Sky
Network Television continuing to bounce while Chorus and Comvita fell.
The S&P/NZX50 Index rose 15.04 points, or 0.2 percent, to 8,492.12. Within the index, 27 stocks fell, 17 rose and six were unchanged. Turnover was $92.6 million.
Nearly $350 million was traded through the local benchmark index on Friday, as both the local benchmark index and the S&P/ASX indices were rebalanced.
Kathmandu Holdings led the gains today, up 1.7 percent to $2.40, while Summerset Group Holdings advanced 1.6 percent to $6.91.
Sky Network Television gained 1.3 percent to $2.32.
Chorus was the worst performer, down 5.6 percent, or 23 cents, to $3.91, after shedding rights to a 9 cent interim dividend.
Today, Spark New Zealand launched a pilot programme for fifth-generation mobile technology framework, known as 5G, in Wellington.
The pilot will run for a month, giving Spark information to further refine how to build a 5G network in a real environment, and it will set up a 5G lab later this year to use the data to help build businesses and applications based on the new technology.
Comvita dropped 2.6 percent to $7.60 and Mercury New Zealand fell 2 percent to $3.215.
Outside the benchmark index, NPT was unchanged at 59 cents while Augusta Capital gained 1 percent to $1.05. NPT shareholders voted in favour of Augusta buying the real estate investor's management contract for $4.5 million at a special meeting today in Auckland.
Of the votes cast, 97 percent were in favour of the resolution to approve the externalisation proposal. The transaction was conditional on achieving a minimum of 50 percent of votes cast.
Veritas Investments was unchanged at 4 cents. It has cut its 2018 guidance after shareholders voted to sell the business and assets of the Mad Butcher franchisor to its chief executive Michael Morton.
The New Zealand dollar slipped and is poised to go lower with the focus firmly on this week's policy reviews at the US Federal Reserve and New Zealand's central bank, where the Fed is expected to hike while the Reserve Bank stays on hold.
The kiwi dollar traded at 72.10 US cents as at 5pm in Wellington from 72.19 cents as at 8am and 72.15 cents in New York on Friday. The trade-weighted index was at 74.27 from 74.28.
The S&P/NZX50 Index rose 15.04 points, or 0.2 percent, to 8,492.12. Within the index, 27 stocks fell, 17 rose and six were unchanged. Turnover was $92.6 million.
Nearly $350 million was traded through the local benchmark index on Friday, as both the local benchmark index and the S&P/ASX indices were rebalanced.
Kathmandu Holdings led the gains today, up 1.7 percent to $2.40, while Summerset Group Holdings advanced 1.6 percent to $6.91.
Sky Network Television gained 1.3 percent to $2.32.
Chorus was the worst performer, down 5.6 percent, or 23 cents, to $3.91, after shedding rights to a 9 cent interim dividend.
Today, Spark New Zealand launched a pilot programme for fifth-generation mobile technology framework, known as 5G, in Wellington.
The pilot will run for a month, giving Spark information to further refine how to build a 5G network in a real environment, and it will set up a 5G lab later this year to use the data to help build businesses and applications based on the new technology.
Comvita dropped 2.6 percent to $7.60 and Mercury New Zealand fell 2 percent to $3.215.
Outside the benchmark index, NPT was unchanged at 59 cents while Augusta Capital gained 1 percent to $1.05. NPT shareholders voted in favour of Augusta buying the real estate investor's management contract for $4.5 million at a special meeting today in Auckland.
Of the votes cast, 97 percent were in favour of the resolution to approve the externalisation proposal. The transaction was conditional on achieving a minimum of 50 percent of votes cast.
Veritas Investments was unchanged at 4 cents. It has cut its 2018 guidance after shareholders voted to sell the business and assets of the Mad Butcher franchisor to its chief executive Michael Morton.
The New Zealand dollar slipped and is poised to go lower with the focus firmly on this week's policy reviews at the US Federal Reserve and New Zealand's central bank, where the Fed is expected to hike while the Reserve Bank stays on hold.
The kiwi dollar traded at 72.10 US cents as at 5pm in Wellington from 72.19 cents as at 8am and 72.15 cents in New York on Friday. The trade-weighted index was at 74.27 from 74.28.
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