FINWIRES · TerminalLIVE
FINWIRES

New Zealand Shares at All-Time High; ikeGPS Group Posts Flat Fiscal Q1 Revenue

By

New Zealand shares reached an all-time high on Wednesday while trading remained mixed in Asia amid an AI sell-off and continued US-Iran conflict.

The S&P/NZX 50 Index rose 0.83% or 114.74 points to close at 13,976.67.

The US military said on Tuesday it carried out joint strikes with Saudi forces in Iraq targeting militant groups aligned with Iran, according to a Wednesday Reuters report.

On the domestic front, a total of 3,169 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,750 MT to 3,200 MT, according to data from the trading platform.

In corporate news, ikeGPS Group (ASX:IKE, NZE:IKE) reported fiscal first-quarter revenue of around NZ$6.4 million, unchanged from a year earlier, reflecting interim softness in one-off and lower-margin services revenue.

Serko (ASX:SKO, NZE:SKO) reported that fiscal first-quarter online bookings increased 1% year over year to NZ$2.3 million, while completed room nights (CRNs) rose 39% to NZ$1.4 million.

Related Articles

Asia

Jinhui Signs Sale-and-Leaseback Deals for Two Bulk Carriers

Jinhui (HKG:0137) has entered into sale-and-leaseback arrangements for two bulk carriers under construction, according to a Tuesday Hong Kong bourse filing.The company will sell each vessel to a unit of ICBC Financial Leasing for up to $18 million and lease them back under separate five-year bareboat charter agreements.The vessels, each with a deadweight of about 64,500 metric tonnes, are expected to be delivered in February and March 2028.

HKG:0137
Asia

BOE Technology Controlling Shareholder to Boost Ownership

BOE Technology (SHE:000725) said its controlling shareholder, Beijing Electronics, plans to purchase company shares worth 500 million yuan to 1 billion yuan over the next six months, according to a Wednesday filing with the Shenzhen bourse.

SHE:000725
Asia

CapitaLand India Trust Spends 30% of Private Placement Proceeds

CapitaLand India Trust (SGX:CY6U) has used SG$45.6 million, representing 30.4% of the gross proceeds of the private placement conducted earlier this year, according to a Wednesday filing to the Singapore stock exchange.Of the SG$100 million earmarked to part fund the ongoing development and construction as part of its acquisition of Building 1 of Ebisu in Bangalore, India, the manager used SG$37.3 million.The company also used SG$5.7 million of the SG$47.4 million allotted to part fund the ongoing development and construction of and acquisition of an office project in Bangalore from Maia Estates Offices.It also used SG$2.6 million to pay all the fees and expenses tied to the private placement.The company's shares were up nearly 2% in recent trade.

SGX:CY6U