New Zealand shares rose led by Michael Hill International after it lifted first-quarter revenue, and OceanaGold as the start of its new gold mine, Didipio, in the Philippines looms. The NZX 50 Index rose 22.86 points, or 0.6 percent, to 3904.85.
The New Zealand dollar gained as stock markets across Asia rallied on growing optimism the world's major central banks will support global growth and as traders await US employment figures. The kiwi rose to 82.41 US cents at 5pm in Wellington from 82.
The New Zealand sharemarket rose in early trade, led by Michael Hill after the firm said a rebound in Australian demand had boosted first quarter sales. Fisher & Paykel Appliances fell on reports that Chinese bidder Haier was unlikely to secure 100...
Sydney Morning Herald
Sales increased 14 per cent to $NZ116.4 million ($A93.4 million) in the three months ended September 30, the Brisbane-based company said. The stock jumped 4.4 per cent, headed for its biggest gain since February. Australian sales, which make up about...
Michael Hill International, the listed jewellery chain, lifted first-quarter revenue rose 14 percent in New Zealand dollar terms, boosted by an improvement in its North American and Australian markets Total sales climbed to $116.4 million in the...