NZSX50 - Good News!

[bull....]

great news cannabis bill passed in parliament

https://www.nzherald.co.nz/business/...ectid=12177738

great news for people in need , just need to expand the range of people who can access it , plenty of people with other ailments who would be helped by cannabis.

might even be a listing in the future

[bull....]

on support if it breaks heading to oct lows

[bull....]

the support i mentioned yesterday will break today i believe. nz is still out performing the rest of the world it wont last the day of reckoning will come. no way we can buck the trend for any lenght of time

[BlackPeter]

Sounds like the contrarians start buying (or at least they talk about it):

https://markets.businessinsider.com/...-12-1027814739

Was it Buffett saying "be greedy if others are fearful"? Fear indicators are clearly on or close to all time lows (or should that be highs?). Anyway - sitting on "extreme fear".

[cyclist]

Was it Buffett saying "be greedy if others are fearful"? Fear indicators are clearly on or close to all time lows (or should that be highs?). Anyway - sitting on "extreme fear".

I think that only applies in a bull market, or for individual stocks at times such as the recent MPG low. In a bear market it is more a case of "be greedy when all around have lost hope". (Sounds like something out of LOTR)

[bull....]

nz grows at slowest pace in 5 yrs

https://www.nzherald.co.nz/business/...ectid=12180129

if it keeps slowing just makes the nz market so much more expensive next yr esp when taken relative to other markets as well.

[moka]

https://www.nzherald.co.nz/business/...ectid=12178451

Lack of new NZX listings. There's been some significant merger and acquisition activity taking place in the New Zealand stock market - Restaurant Brands and Trade Me. However, if these businesses are to disappear from the NZX, what's in the pipeline to replace them?
The initial public offerings (IPOs) have been scarce at best, with the last notable listings being Oceania Healthcare (OCA) in May 2017 and New Zealand King Salmon (NZK) back in October 2016 = one listing per year.

[bull....]

nz markets sitting on support now , held 5 times now. when it breaks down should see a bit of catch up action with other markets i reckon

[Bjauck]

https://www.nzherald.co.nz/business/...ectid=12178451

Lack of new NZX listings. There's been some significant merger and acquisition activity taking place in the New Zealand stock market - Restaurant Brands and Trade Me. However, if these businesses are to disappear from the NZX, what's in the pipeline to replace them?
The initial public offerings (IPOs) have been scarce at best, with the last notable listings being Oceania Healthcare (OCA) in May 2017 and New Zealand King Salmon (NZK) back in October 2016 = one listing per year.

Some NZX listed companies end up decamping to the ASX anyway. Perhaps those NZ businesses who may have otherwise listed on the NZX are seeking funding from private equity funds and/or may then go straight to an Australian IPO with listing on the ASX.

NZ has become a low wage country in an economy increasingly owned and controlled by overseas concerns. I presume these overseas concern see NZ as a low-cost stable environment in which they can extract good profits from the work of their NZ staff.

Increasingly, Instead of investing in shares and business, NZ households have invested their assets into residential land, from which they have had good after-tax returns. To the relatively minor extent that households have super/KiwiSaver funds, only a small percentage gets invested through the NZX.

Low wage economy:
https://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=12172282

[BlackPeter]

Some NZX listed companies end up decamping to the ASX anyway. Perhaps those NZ businesses who may have otherwise listed on the NZX are seeking funding from private equity funds and/or may then go straight to an Australian IPO with listing on the ASX.

NZ has become a low wage country in an economy increasingly owned and controlled by overseas concerns. I presume these overseas concern see NZ as a low-cost stable environment in which they can extract good profits from the work of their NZ staff.

Increasingly, Instead of investing in shares and business, NZ households have invested their assets into residential land, from which they have had good after-tax returns. To the relatively minor extent that households have super/KiwiSaver funds, only a small percentage gets invested through the NZX.

Low wage economy:
https://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=12172282

Why let a good story be spoiled by the facts?

New Zealands averge annual household income is sitting on place 24 out of 79 ranked countries according to https://www.worlddata.info/average-income.php (i.e. well above the median);

Hi tech and high wage countries like e.g. France, Israel and South Korea do have a lower annual income like New Zealand. Actually the expensive UK has an average income of just 4% above NZ. Nobody calls these other countries "low wage". New Zealand a low wage country? Maybe time to remove the ideological blinkers?


"To the relatively minor extent that households have super/KiwiSaver funds":

End of 2017 we had in NZ nearly $34b in Kiwi saver funds. That's roughly $10,000 for every grown up New Zealander. Given that the schema is not yet that long around would I think this is a quite substantial sum.

https://fma.govt.nz/assets/Reports/F...eport-2017.pdf

Obviously - many poeople (like me and I suppose you and most of the other posters here) do have substantially more shares outside of their Kiwi saver account than inside. Do these invetments not count?

Is this what you call "to a relative minor extent"?