The week ending 12th of October, saw continued falls in the New Zealand Stock Exchange. Following Black Tuesday, the New Zealand Stock Exchange (NZX) has progressively closed on a down note. The last trading day of the week, Friday the 10th of October, saw a fall of 4.724%. This trend is continued to an even greater extent in markets throughout the world. By trading close on the Friday, the Japanese market closed 7.7 % down, with drops as low as 11%, and the ... Read More

The New Zealand Stock Exchange (NZX) is still on uncertain grounds following its staggering drop on Tuesday the 30th of September. At the time of writing, the NZX 50 index was at 3170 points, up 129 points from its lowest point this week, shortly after market opening on Tuesday. The weekly high was reached on the Thursday, at just below 3230 points. The current bout of volatility is a product of the Wall St financial crisis. The weekly low, which is by some now ... Read More

The NZX dropped almost 130 points in the first half of the 30th of September, in what many pundits are already calling “Black Tuesday”. Markets around the world, including the New Zealand Stock Exchange (NZX) faced plummets after the news hit of the US Congresses’ rejection of the $700 billion bank bailout plan. While damage in New Zealand is said to be relatively minimal, due to the lower exposure to credit, drops have occurred and are unlikely to rise. The NZX reached ... Read More

The New Zealand Stock Exchange (NZX) have issued a statement saying that they will not be following the Australian Stock Exchange(ASX) in banning short selling of stock. The Australian Securities and Investments Commission (ASIC) banned all forms of short selling on the 19th of September, widening the previous ban on “naked” short selling to include “covered” short selling also. While this action was a response to the turmoil caused on the ASX by naked short selling, the NZX does not see enough short ... Read More