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The S&P/NZX 50 Index is the main stock market index in New Zealand. It comprises the 50 biggest stocks by free-float market capitalisation trading on the New Zealand Stock Market (NZSX). The calculation of the free-float capitalisation excludes blocks of shares greater than 20% and blocks between 5% and 20% that are considered strategic. [1]
Stock name Ex Symbol Date Listed Date De-listed Reasoning Notes Augusta Capital AUG 11 December 2006 21 August 2020 Acquired by Centuria Capital [136] [137] Seadragon Limited SEA 24 October 1986 29 June 2020 Corporate decision [138] Finzsoft Solutions Limited FIN 28 December 2000 6 May 2020 Acquired by Silverlake Axis Limited [139]
An exchange-traded fund (ETF) is an investment fund traded on a stock exchange that holds assets, rather than being a trading company. Such funds typically track an index.The New Zealand Exchange is the only provider of ETFs in New Zealand and has 35 of them, under the SmartShares brand. [1]
NZX began life as a number of regional stock exchanges during the gold rush of the 1860s. The first brokers’ association was started in Dunedin in 1867, then in Otago in 1868, Auckland in 1872, [4] Wellington in 1882. The Dunedin Brokers’ Association became a stock exchange in 1893, then Christchurch gained an exchange in 1900. [5]
An OHLC chart, with a moving average and Bollinger bands superimposed. An open-high-low-close chart (OHLC) is a type of chart typically used in technical analysis to illustrate movements in the price of a financial instrument over time. Each vertical line on the chart shows the price range (the highest and lowest prices) over one unit of time ...
In an efficient market, a company buying back its stock should have no effect on its price per share valuation. [ citation needed ] If the market fairly prices a company's shares at $50/share, and the company buys back 100 shares for $5,000, it now has $5,000 less cash but there are 100 fewer shares outstanding; the net effect should be that ...
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.
The Treasury Te Tai Ōhanga Agency overview Formed 1840 Jurisdiction New Zealand Headquarters Level 3, 1 The Terrace, Wellington 6011 Employees 529 Annual budget Vote Finance Total budget for 2019/20 $6,149,948,000 Minister responsible Hon Nicola Willis, Minister of Finance Agency executive Iain Rennie, Chief Executive and Secretary Website treasury.govt.nz The New Zealand Treasury (Māori: Te ...