After surging for the first two days of the week, the New Zealand share market was far more reserved in early trading today.
Westpac Bank’s profits in New Zealand fell 15 per cent to $202 million for the March half-year, knocked back by higher bad debt charges as the recession continues and makes this the third bank in a week to post lower profits.
Will the banks drop further in value now because of this?
A commodity price rebound, has spurred PGG Wrightson shares higher after its settlement of a dispute with Silver Fern Farms and the return of retail investors to the equity market.
As safe-haven buying was reignited for the United States currency The New Zealand dollar fell away against the greenback early today after it had climbed to a three-week high.
Professional Investment Services (powered by Financial Gain) reports good support to the recent restructure of hours and systems.
