NZ sharemarket edges up early
The New Zealand sharemarket edged ahead in early trading, with Ebos climbing to another high as it continues its ascent following the announcement of a special dividend last month.Around 10.20am the benchmark NZX-50 index was up 2.79 points to 3302.52, af
The New Zealand sharemarket edged ahead in early trading, with Ebos climbing to another high as it continues its ascent following the announcement of a special dividend last month.
Around 10.20am the benchmark NZX-50 index was up 2.79 points to 3302.52, after yesterday losing 5.16 points.
Ebos added 10c early, taking it to 760. The share price has climbed from 691 on October 21, the day the special dividend was announced.
Other shares rising early today included Hallenstein Glasson up 5c to 455, Mainfreight up 4c to 725, Restaurant Brands up 2c to 282, and Fletcher Building up 2c to 815.
NZ Refining Co lost 4c to 365, Telecom slipped 1c to 204 and Contact Energy was unchanged on 591.
In the United States, stocks ended flat after choppy trading amid news of a rise in manufacturing activity in the US and China and caution on the eve of a crucial Federal Reserve meeting.
Stock indices opened with strong gains, buoyed by the industrial data, but momentum evaporated and stocks clawed out of negative territory in late trade.
The blue-chip Dow Jones Industrial Average rose 0.1 percent to settle at 11,124.62, while the broader S&P 500 index advanced 0.1 percent to 1184.38, and the tech-rich Nasdaq composite index dropped 0.1 percent to 2504.84.
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