The changing composition of the NZX over the past 30 years is a reflection of the New Zealand economy. In 1981, the domestic sharemarket was dominated by private-sector, export-oriented companies. It is now ruled by former state-owned or monopolistic organisations. Analysts now spend a great deal of time assessing government regulation; three decades ago we spent most of our time evaluating export markets and prospects. The NZX's domination by regulated and monopolistic organisations is likely Read more [...]

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Earnings were mixed for most of the listed public companies in 2011 who announced their results in the latest reporting season, but many were cautiously optimistic about their prospects for the year ahead, brokers First NZ Capital said. Of the 26 reporting companies that First NZ covered, eight came in above the brokers' expectations, nine were in line, while nine were below, First NZ said in a review of the season. Read more [...]