NZSX50 - Good News!

[trader_jackson]

https://www.nzherald.co.nz/business/...ectid=12225542

NZX doesn't win anymore they say... hard to see the index being good long term if companies keep leaving/getting taken over or straight up leaving (XRO)... with no replacements

[carrom74]

What happened at the end of the trading session just now ? A sudden spike ... any thoughts or news?

[sb9]

What happened at the end of the trading session just now ? A sudden spike ... any thoughts or news?

Looks like someone went for a bit of big buying spree across the board.

[bull....]

big portfolio buy , maybe they picking int rates about to drop next week?

[BlackPeter]

What happened at the end of the trading session just now ? A sudden spike ... any thoughts or news?

Great day for REITS (including retirement villages): OCA, SUM, ARG, KPG all nicely up ...

[bull....]

It’s never been cheaper to invest in the markets as asset managers slash fund fees by $5 billion

unless of course you live in NZ

https://www.cnbc.com/2019/05/02/its-...5-billion.html

[Leftfield]

big portfolio buy , maybe they picking int rates about to drop next week?

Whatever it is I like it! A rare day when there are no red arrows anywhere in my portfolio!! Long may it last.

[Timesurfer]

Whatever it is I like it! A rare day when there are no red arrows anywhere in my portfolio!! Long may it last.

Interesting you say that. Yesterday the only arrows I had were red ones - my watch list on the other hand only green!
Today almost no movement with sales within my shares and only red arrows on my watch list.
Such a fickle beast if you watch it on a daily basis.

[bull....]

RBNZ decision this afternoon

my guesses if he cuts

drop in dollar and share market re - coups losses

if he doesnt cut

bigger rise in dollar because market is tilted more to cut and share market tanks


nzx hrly support at 9945 - 9950 by the way so a no cut will amplify the fall thru support

[bull....]

RBNZ cuts to OCR 1.5%

https://www.rbnz.govt.nz/news/2019/0...to-1-5-percent

right move , staying ahead of the curve. dollar drop will be a big help to exporters.
how about stock market bounced right of support before the announcement