New Zealand Shares Rise 0.7% to Best Close Since 2022
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
0mins
Source: WSJ
Market Performance: New Zealand's NZX-50 index rose 0.7% to 12845.64, achieving its highest closing level since January 2022, with widespread gains across the market despite a soft start influenced by U.S. trends.
Weekly and Monthly Gains: The NZX-50 recorded a 1.8% gain for the week and a 3.4% increase month-to-date, with notable rises from companies like Fisher & Paykel Healthcare and Ebos.
Analyst Views on FPH
About FPH
Five Point Holdings, LLC designs and develops mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County. The Company combines residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Its Valencia segment includes the community of Valencia being developed in northern Los Angeles County, California. Its San Francisco segment includes the Candlestick and The San Francisco Shipyard communities located on bay front property in the City of San Francisco, California. Its Great Park segment includes the Great Park Neighborhoods being developed adjacent to and around the Orange County Great Park, a metropolitan park under construction in Orange County, California. Its Hearthstone segment includes the Hearthstone Venture residential asset and investment management platform focused on acquiring, developing, and managing residential land and lot option programs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
