Weekly Moves
  • The a2 Milk Company
  • $6.50
  • 4.67%
  • Hallenstein Glasson
  • $5.99
  • 3.63%
  • Skellerup Holdings
  • $4.47
  • 3.47%
  • Port of Tauranga
  • $5.09
  • 3.46%
  • Channel Infrastructure NZ
  • $1.56
  • 3.31%
  • Ryman Healthcare
  • $4.15
  • 5.68%
  • Serko
  • $3.27
  • 6.03%
  • The Warehouse Group
  • $1.36
  • 6.21%
  • Oceania Healthcare
  • $0.59
  • 6.35%
  • Vulcan Steel
  • $7.85
  • 7.65%

Yovich & Co. Market Update - 24 July 2017.

Jarrod Goodall

by Jarrod Goodallpublished 24-07-2017

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Market Themes

  • Another record high was reached for the NZX Gross Index, with growth companies like Serko (SKO.nz), EROAD (ERD.nz) and Trilogy (TIL.nz) leading the market higher.

  • The political landscape is starting to heat up as the election on 23 September 2017 gets closer. At this early stage the markets have not been too concerned about a change so the assumption is that it will be a National lead Government without any major change to the direction that the economy is taking.

  • A switch from the Mining stocks back to the Financials has seen the market in Australia trade sideways over the past month.

  • Motoring stocks such as BMW, Daimler and Volkswagen fell last week as Tesla rolled out the first Model 3 from the production line. This saw the export weighted DAX index slide further since the highs reached in June.

  • The NASDAQ index has surged ahead after consolidating in June.

  • The Kiwi remained strong against the Greenback and is trading close to the ceiling of the range over the past 2 years. 

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