News

A2’s share price has been on a decline since 17th August when it was at its peak at $21.74. The news of key shareholders selling major chunks spearheaded the downfall and recently the stock touched $15.00 mark.

Locally, the RBNZ continues to reiterate that it is better to do too much than too little, thus locking in negative interest rates for next year – underpinning positive share market investor sentiment which saw the NZX hit a new all-time high.

US stocks jumped, clawing back the decline triggered by Donald Trump’s suspension of stimulus talks, after the US president backed a piecemeal approach to aid and investors took a longer-term view on a spending program.

Markets also appear to see a greater chance of a clear Biden win in the election, reducing the risk that Trump disputes the result and creates a drawn-out period of uncertainty.

Global markets were lower on Friday as US stocks experienced a knee-jerk sell-off (S&P 500 Index -0.9%) in reaction to President Trump announcing he has tested positive for covid-19.