NZE:SEK

6 stories mentioning NZE:SEKUpdated 25d ago

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New Zealand Shares Rise; NZX Appoints CEO

New Zealand shares ended higher on Wednesday while most Asian shares saw losses after Tuesday's Wall Street sell-off.The S&P/NZX 50 Index rose 0.46% or 63.49 points to close at 13,929.67.Overnight, the S&P 500 fell 0.7%, the Nasdaq lost 1.3%, while the Dow Jones was down 0.2%.In domestic news, prices paid by producers of goods and services in New Zealand in the June quarter saw a 4.1% increase compared with the same period last year, according to a report released by Stats NZ.Also, a total of 41,054 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 36,340 to 43,585 MT, according to data from the trading platform.Elsewhere, housing affordability in New Zealand has returned to its long-term average due to several years of lower property values, decreasing mortgage rates, and rising household incomes, according to the Cotality Housing Affordability Report.In corporate news, Seeka (ASX:SEK, NZE:SEK) said its current Chair Mark Dewdney will step down from the role on Thursday, and that its board appointed Hayley Gourley as successor.NZX (NZE:NZX) appointed Hishaam Mirza as chief executive, effective Sept. 14.

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Asia26d ago

Seeka Chair to Step Down, Successor Named

Seeka (ASX:SEK, NZE:SEK) said its current Chair Mark Dewdney will step down from the role on Thursday, and that its board appointed Hayley Gourley as successor, according to a Wednesday New Zealand bourse filing.Dewdney will remain a director of Seeka, per the filing.The company's Australian shares were down almost 3% in recent Wednesday trade, while its New Zealand shares added 2%.

ASX:SEKNZE:SEK

Asia26d ago

Seeka Raises Half-Year Dividend Year-over-Year

Seeka's (NZE:SEK) board declared a half-year dividend of NZ$0.20 per share, from NZ$0.15 a year earlier, payable Oct. 15 to shareholders on record as of Sept. 18, according to a Wednesday Australian bourse filing.The firm plans to revert to the consideration of two dividends per year moving forward, with dividends to be considered by the board in August and February and to be payable in October and April.

NZE:SEK

Asia89d ago

New Zealand Shares Fall Slightly; Fletcher Building Reduces Net Debt, Plans to Withdraw Credit Rating at Moody's

New Zealand shares ended lower on Wednesday, following shares on Wall Street downwards.The S&P/NZX 50 Index fell 0.25%, or 33.15 points, to close at 13,392.98.On Tuesday, the Nasdaq Composite fell 1.15%, the S&P 500 was down 0.57%, and the Dow Jones rose 0.64% on close. Investors are awaiting the first US Federal Reserve meeting under new Chair Kevin Warsh.In domestic news, the New Zealand consumer confidence fell 14.3 points in the June quarter to 80.4 from 94.7 in the previous quarter, marking its lowest level since 2023, according to the Westpac-McDermott Miller Consumer Confidence index.New Zealand's current account deficit widened to NZ$4.55 billion in the March quarter, from NZ$4.45 billion in the previous quarter, Stats NZ data showed.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) is moving to withdraw its credit rating at Moody's as the company has made progress in its transition to a more stable capital structure. Following the divestment of its construction division and other property sales, Fletcher expects to be at the midpoint of its NZ$400 million to NZ$900 million net debt target range as of June 30.Seeka (NZE:SEK) expects 2026 net profit before tax in the range of NZ$38 million to NZ$42 million, compared with NZ$47.5 million in the previous year. The company issued its first earnings outlook for the year after the completion of the 2026 kiwifruit harvests across New Zealand and Australia, noting that kiwifruit underpins its overall financial performance.

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Asia89d ago

Seeka Issues 2026 Profit Outlook as New Zealand Returns to Typical Kiwifruit Growing Conditions

Seeka (NZE:SEK) expects 2026 net profit before tax in the range of NZ$38 million to NZ$42 million, compared with NZ$47.5 million in the previous year, according to a Wednesday filing with the New Zealand bourse.The company issued its first earnings outlook for the year after the completion of the 2026 kiwifruit harvests across New Zealand and Australia, noting that kiwifruit underpins its overall financial performance.In New Zealand, total class 1 kiwifruit packed for 2026 reached 45.4 million trays, compared with 47.1 million trays in the previous year, reflecting a return to more typical growing conditions following strong yields in 2025.In Australia, the company harvested about 2.3 million kilograms of kiwifruit, down 14% from the previous year as some expected production growth did not materialize due to a hot and dry growing season.Seeka shares slid 1% in recent Wednesday trade.

NZE:SEK

Asia115d ago

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Vista Group International (NZE:VGL): -3%, NZ$2.26Briscoe Group (NZE:BGP): -2%, NZ$4.40Turners Automotive Group (NZE:TRA): -2%, NZ$8.41Millennium & Copthorne Hotels NZ (NZE:MCK): -2%, NZ$3.04Port of Tauranga (NZE:POT): -2%, NZ$8.18South Port New Zealand (NZE:SPN): -2%, NZ$8.83Seeka (NZE:SEK): -2%, NZ$5.04Scales Corporation (NZE:SCL): -1%, NZ$5.95Meridian Energy (NZE:MEL): -1%, NZ$5.84Napier Port Holdings (NZE:NPH): -1%, NZ$3.61

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