Wednesday, March 18, 2009

NZ stocks up 1.6 pc

NZ stocks up 1.6 pc

March 18 – Close: A robust performance on Wall Street spurred bargain hunters on the New Zealand sharemarket to push the NZX 50 index up 41.6 points to 2606.3, a lift of 1.6 percent.

NZX 50 Index
2606.326
+41.603
+1.62%
NZX 15 Index
4872.726
+89.706
+1.88%
NZX 50 Portfolio Index
1525.781
+12.656
+0.84%
NZX SciTech Index
561.96
-1.298
-0.23%

As at 6:15 pm, 18 Mar (20 min delay)

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Global registry system launched

Stock exchange operator NZX's carbon market unit took a major step forward today with the launch of a global registry system.

Kiwi trades in narrow range

March 18 – Close: The New Zealand dollar continued trading in a narrow range against the greenback today, in the absence of new domestic economic data.

Crisis having "major" impact on central banks

Reuters

Financial turmoil has had a "major" impact on the reserve management policies of central banks and almost all are rethinking diversification tactics, a survey showed.

Key talks up NZ's position

Prime Minister John Key talked up New Zealand's position amidst the global recession at a Council of Trade Unions (CTU) productivity conference in Wellington today.

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