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MARKET CLOSE: NZ shares follow global rally, Heartland leads

 

New Zealand shares followed the global rally after a surprise first-quarter profit for aluminium producer Alcoa and an upbeat view from the Federal Reserve’s regional breakdown of the US economy stoked appetite for riskier assets. 

NZ shares fall as Asia-Pacific equities falter, doubts over Europe

New Zealand shares followed equity markets across the region lower as fears of Europe’s sovereign debt crisis re-emerging sapped investors’ appetite for bigger returns. 

Diligent shares up as profit rises, revenue doubles

Diligent vs NZX50 12-month chart courtesy CapitalIQ. Click to zoom.

Top NZX performer, and quiet tech achiever, reports another strong result.

Pastoral Dairy Investments seeks to raise $25m

Specialist investment fund plans to quote shares on Unlisted.

Argosy shareholders vote for company listing

Argosy Property Trust corporatises its capital structure after shareholders vote to convert from a unit trust.

Rakon shares down after odd 40% spike

Following a 42.5% January spike in Rakon's share price, and a subsequent NZX 'please explain', the company's share price has dropped slightly.