Trading on the NZX's cash markets rose by more than 24% in
December but brokers are also reporting a strong start to
2013 as investors continue to look for income from their
Rakon, once the market darling of the NZX, is shifting more
of its operations offshore and up to 60 of its 430 New
Zealand workers are likely to lose their jobs.
The importance of bringing new companies to the NZX is
growing quickly, as another New Zealand-listed company
appears likely to leave soon.
Investors punished NZX shares yesterday after the
share-market operator issued a disappointing first-half
An NZX requirement for listed companies to disclose their
gender diversity has been welcomed by Dunedin sharebroker and
director Noeline Munro.
The NZX is facing a busy year ahead, with one state-owned
enterprise pegged for partial sale, possibly in September,
and shares in the world's largest dairy co-operative Fonterra
likely to be traded.
The age of austerity has caught up with some of the country's
most powerful bosses and for the first time in the eight
years of the Business Herald executive pay survey the
value of the average chief executive pay packet has dropped.
Fonterra is appointing NZX to operate the Fonterra
Shareholders Market as part of Trading Among Farmers.
Shares in recently-separated Telecom and Chorus dominated
trade in a relatively quiet day on the NZX yesterday, with no
particular reason obvious for the interest in either company.
NZX Dairy Futures describes the achievement of 5000 lots
traded as a "significant milestone" in the growth of the
global dairy risk management tool.
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