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21 Apr 2021

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Heavy selling in Contact, Meridian continues to weigh on NZX50
The NZ sharemarket followed Wall Street lower on Tuesday, helped by solid Australian selling in some top stocks.

Meridian and Contact push higher, lifting NZX and defying expectations
The energy companies shrugged off an expected sell down of their shares by overseas funds.

Monday Thoughts: Why are stock markets so high?
OPINION: Blame low interest rates for shares' bull Covid run.

Is the looming share dump a good time to buy Meridian and Contact?
Investors may have a window of opportunity to snag the blue chip energy stocks at a bargain price, but buyers are warned to beware.

Accordant Group Limited (NZX: AGL) Intention to Acquire up to 1,000,000 Ordinary Shares
Accordant Group Limited advises of the Group’s intention to buy back up to one million of its shares on market, in compliance with Listing Rule provisions and the Group’s Constitution

My Food Bag gets a tasty rating from Jarden, which targets a $1.90 share price
If you've been disappointed by the performance of your My Food Bag shares, take heart.

Savor Limited (NZX: SVR) Closes Fully Underwritten Capital Raise of $6 million
The rights issue was soundly supported by shareholders with 20,585,293 shares taken up by shareholders, totalling $3.6 million, and 13,370,560 shares to be subscribed for by underwriters, to raise a total of $6 million

Sharemarket gains as investors take a shine to travel stocks
The sharemarket rose, led by travel stocks as investors feel more optimistic about borders re-opening, said Dan Stratful, an investment adviser at Forsyth Barr. “That trend will continue throughout the remainder of the year,” he said.

Infratil Limited (NZX: IFT) Approves Acquisition on Behalf of Morrison & Co
Infratil advises that it has approved the on-market acquisition of $20 million of Infratil shares on behalf of certain Morrison & Co executives and Morrison & Co. The shares to be acquired for Morrison & Co executives are subject to a lock-up

The secrets of being a great leader - a rising star shares how he views leadership
At 23-years-old Ezekiel Raui is proof great leadership is not determined by age, gender, race or rank. It comes down to leading by example.

Renewable energy giants Meridian and Contact pull sharemarket down
The sharemarket fell, as big renewable energy stocks Meridian Energy and Contact Energy weakened ahead of an expected sell down of their shares on Friday.

Pacific Edge cancer test gains cover from US insurance giant United Healthcare
Shares in Pacific Edge spiked sharply higher after the company said its "Cxbladder" cancer diagnostic tests are now covered by United Healthcare, America's biggest healthcare insurer.The NZX-listed cancer diagnostics company said...

Meridian, Contact hammered as savage sell-off looms, NZX50 slips 0.8 per cent
The prospect of an estimated $1 billion worth of shares to be sold weighed heavily on the two energy stocks.

Contact Energy Limited (NZX: CEN) Buys Geothermal Specialists Western Energy Services
Contact Energy has purchased 100% of the shares in Western Energy Services (westernenergy.co.nz), a specialist geothermal well service company based in Taupo. The transaction price is confidential

Comvita Limited (NZX: CVT) Share Buy-back Programme
CVT announces its intention to acquire up to 400,000 of its ordinary shares. The maximum period which offers will be made is from and including 1 April 2021 (being three clear business days after the date of this Notice) to 14 May 2021

AFT Pharmaceuticals slices earnings guidance, shares dive
AFT Pharmaceuticals initially made hay from the Covid-19 outbreak as, last March, it sold a year's worth of vitamin C supplements in just three days. Read More Coronavirus: Vitamin C flying off the shelves, but does it boost...

'Tanker Gang' day traders pile into ship stocks during Suez jam
Tanker-loving investors had been having a tough time, with share prices struggling to recover from the pandemic. Then the Ever Given came along and stocks surged.