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Weekly Commentary Archive
 
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9th October 2006
The local sharemarket is failing to follow the lead of Wall Street, which has hit record highs this week. Our market is relatively lacklustre, although there are some bright spots. Telecom is not one of them, having drifted in the wake of a ...more
 
2nd October 2006
The sharemarket firmed towards the week end after the US Dow Jones Industrial reached an all-time high. The market is also reacting to a lot of takeover activity, some of it real and other rumoured. Analysts scoffed at a business model that ...more
 
25th September 2006
The market had a tough run towards the week’s end as investors mulled over a monstrous current account deficit at $15.2b. Feltex shares tumbled after announcement of its receivership and the NZX-50 index as a whole was down. The game appears to ...more
 
18th September 2006
The surprise bid for The Warehouse lifted the tone of the market late in the week as it shrugged off a threat by Reserve Bank governor Alan Bollard to hike interest rates again. The market was caught unawares by Stephen Tindall's bid to ...more
 
11th September 2006
The market drifted down this week in the wake of disappointing results and high drama surrounding Feltex in particular. Feltex shares rose as investors clung to the hope of rescue, while The Warehouse fell when its result failed to match ...more
 
4th September 2006
The market was underpinned by continued recovery in Telecom (TEL) which has gained over several days on the prospect of paying a special dividend from the possible sale of its directories business. It’s unclear, however, how shedding its most ...more
 
28th August 2006
The week began badly with the market drifting down as disappointing results followed one another. However, there was a better mood towards the week end and many of the worst effected shares started recovering. Fisher & Paykel Healthcare (FPH) has ...more
 
21st August 2006
The NZ market was generally lacklustre this weak despite a strong lead from the US, where tame inflation data encouraged a spate of buying. The firmer currency was putting pressure on export-related stocks, such as F&P Appliances and Pumpkin Patch, ...more
 
14th August 2006
The sharemarket firmed towards the end of the week in defiance to the huge terrorist threat in the UK, following the lead from Wall Street. Ironically, Auckland Airport picked up from its recent weakness to record early gains, despite the likely ...more
 
7th August 2006
The corporate reporting season is about to get into full swing, and what it delivers could have a big impact on the market in general. There is conflicting information out there about the state of businesses and the figures will give us a better ...more
 
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