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New Zealand Shares Fall, The Bankers Investment Trust Reports Net Asset Value

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New Zealand shares ended lower on Friday as all Asian markets fell due to rising oil prices fueling inflation risks.

The S&P/NZX 50 fell 0.95% or 130.68 points to close at 13,580.33.

Brent crude rose to about $107 in recent Friday trade as the Middle East conflict continued to pressure global oil supply.

Overnight, the Nasdaq Composite fell 0.7%, the S&P 500 lost 0.6%, and the Dow Jones decreased 0.6%.

In domestic news, New Zealand's manufacturing sector continued to expand in August, although growth slowed from July as employment stalled at the breakeven level, BusinessNZ.

A developing El Niño climate phenomenon pattern threatens an increased risk of drought in many parts of New Zealand, with the main economic risk being to pasture-based agriculture, Westpac said in a report.

In corporate news, The Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.607 pounds sterling per share as of Wednesday.

Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current fiscal year revenue items, was 2.617 pounds sterling per share as of Wednesday.

What else is happening in Asia?

Asia

Hearts and Minds Investments Posts Lower August Net Tangible Asset

Hearts and Minds Investments (ASX:HM1) reported post-tax net tangible asset of AU$3.34 per share as of Aug. 31, according to a Friday filing with the Australian bourse.The company recorded post-tax net tangible assets of AU$3.56 per share for August 2025, an earlier filing showed.Its portfolio was up 0.6% for the month of August and delivered an annualized pre-tax investment return of over 10% per year since inception.The portfolio offered a fully franked annualized dividend yield of about 6.5% as of Aug. 31, the filing said.The company's shares added nearly 1% in recent Friday trade.

ASX:HM1
Asia

Cape EMS Partners with Helios PV to Distribute Battery Systems in Europe

Cape EMS (KLSE:CEB) subsidiary, Cape Renewables, signed a distribution and strategic collaboration agreement with Helios PV (Asia Pacific), to commercialize and distribute residential battery energy storage systems across Europe and the Asia-Pacific.The electronics manufacturer's unit will handle sourcing, system integration, assembly and testing, according to a Thursday Bursa Malaysia filing.Meanwhile, Helios, which is a unit of Frankfurt-listed Helios Solar AG, will handle market development, importation and distribution.

KLSE:CEB
Asia

White Energy Company Confirms Acquisition of Essential Global Resources, Oceltip Coal 2 Completed; Shares Fall 5%

White Energy Company (ASX:WEC) confirmed the completion of the acquisition of Essential Global Resources and Oceltip Coal 2, which has acquired the Tin Hut Creek project and associated assets, according to a Friday Australian bourse filing.White Energy issued 83.3 million fully paid ordinary shares to the shareholders of Essential Global as consideration for the acquisition of the membership interests in Essential Global. In connection with the Oceltip Coal 2 acquisition, the purchase price was AU$4.5 million, as adjusted for debts and other liabilities at completion.It also completed a placement to institutional and professional investors to raise AU$15 million at an issue price of AU$0.06 per share.Nathan Tinkler was appointed as Managing Director and Executive Chair of White Energy, succeeding Brian Flannery as Chairman.Its shares fell 5% in recent trading on Friday.

ASX:WEC