New Zealand Shares Muted as Markets Weigh US Earnings Season

MT Newswires Live
2024/10/23

New Zealand markets were relatively quiet on Wednesday as shares were muted after reaching a 52-week high earlier in the week.

The S&P/NZX 50 Index was little changed at 12,787.60 at market close.

Among the gainers were shares in electronic technology, industrial services, and consumer non-durables companies.

Stocks were also muted on Wall Street overnight as the earnings season continued, with the S&P 500 and Dow Jones Industrial Average little changed. The Nasdaq Composite eked out a 0.2% gain.

In domestic news, New Zealand's industry and household greenhouse gas emissions rose 1.1% in the June quarter, driven by electricity generation, Tuesday data from Stats NZ showed.

In corporate news, Michael Hill International (NZE:MHJ, ASX:MHJ) reported that its group all-store sales for the first 14 weeks of fiscal 2025 rose 4.3% on the prior year on the strength of its Australian and Canadian segments. The jeweler retailer's shares closed Wednesday trade up almost 4%.

Meanwhile, Fletcher Building (NZE:FBU, ASX:FBU) said market volumes in its materials and distribution businesses declined 10% to 15% year on year in the first quarter of fiscal 2025, with this weakness likely to continue for the rest of the financial year. Shares were up nearly 2% at market close.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10