Market commentaries

WELLINGTON: New Zealand shares were mixed, survive the digital era. with Ryman Healthcare and Stride Property making Warehouse’s share price has fallen around 30% gains while Port of Tauranga and A2 Milk Co since the annual meeting a year ago, a ‘‘serious declined. concern,’’ Ms Withers said. The stock last traded

The S&P/NZX 50 Index rose 28.34 points, or at $2.04 versus around $3 at the prior AGM. 0.4%, to 8130.29. Within the index, 21 stocks fell, Australian shares ended the day flat, following 15 rose and 14 were unchanged. Turnover was a slight recovery from heavy losses in early $179 million. morning trade.

Ryman led the index higher for a second day, The benchmark S&P/ASX200 index was down gaining 3.7% to $9.80. The country’s biggest 3.6 points, or 0.06%, at 5982.6 points. retirement village operator and developer said it had Charles Schwab Australia market analyst Ben Le boosted firsthalf profit 8.4% to $202.6 million, and Brun said the market had recovered slightly from lifted its interim dividend, after reaping bigger early trade with healthcare, mining and some retail margins on resales of existing units, even as the stocks shifting into positive territory. broader property market slowed. He said the market was modestly higher for the

Stride gained 3% to $1.74, continuing yesAte rSPACwEeek thanks to updates and outlooks given at day’s gains which came after it posted a 44% gain annual general meetings, and strong leads from the in firsthalf profit to $33.3 million. US and commodity markets.

‘‘They both reported yesterday — it has taken a The majority of the market was weaker in early while for some investors to absorb that, and put trade, despite gains for iron ore and oil. aside all the new governmentrelated risks that have Consumer staples stocks managed to break surrounded that sector, and look at the underlying away from early morning uncertainty triggered by company and think that it was a good result,’’ said speculation around the launch of Amazon in Greg Easton, an adviser at Craigs Investment Australia.

Partners. JB HiFi shares rose 1.2% to $22.46 and Harvey Kathmandu Holdings rose 2.9% to $2.49. Norman gained 0.5% to $3.92.

Auckland International Airport advanced 1.8% to Myer shares jumped 1.4% to 72c as the $6.31. department store fought off a challenge from

Port of Tauranga was the worst performer, down shareholder and critic Solomon Lew at its AGM. 1.8% to $4.87. Energy stocks retreated while major miners Rio

A2 Milk dropped 1.2% to $8.33 and Fletcher Tinto and BHP Billiton rose after starting weaker. Building declined 1% to $6.86. The banking sector remained weak.

Outside the benchmark index, Warehouse Group The benchmark S&P/ASX200 was down 3.6 gained 0.5% to $2.05. Chairwoman Joan Withers points, or 0.06%, at 5982.6 points. and chief executive Nick Grayston said in notes for The broader All Ordinaries index was down 4.4 the annual meeting in Auckland yesterday that the points, or 0.07%, at 6063.1 points. retailer was accelerating its transformation plan as National turnover was 4.3 billion securities only the fittest and most savvy retailers would traded worth $5.9 billion. — BusinessDesk/AAP

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