Monday, July 5, 2010

Chart of the Week: New Zealand Stock Exchange Ltd



The aim of this series of charts is to show the divergence - up or down - of the selected individual stock price away from the NZX 50 Index. The chart is a 1 year look to give some relevant background to any recent (two to three months) share price movements.

I will look at The New Zealand Stock Exchange Ltd [NZX.NZ] this week. I have included it as a chart of the week is because of the spectacular drop in shareprice over the last 3 months - almost 25% - and a big drop of 12% over June, where it has gone from $1.65 to trade today at an 52 week low of $1.46 last Friday at market close.

The company isn't being well managed, with poor regulatory restraint and tainted by a high level of insider trading and the share price reflects that but if you were thinking of buying NZX shares now would be the time to put it on your watchlist.

The NZX average of all indexes has been up by 5% over the last 3 months and by comparison NZX shares have dropped 25% below April's NZX average.

Buy on further weakness - today could see a good drop due to further weakness in the DOW.


NZX @ Share Investor

The NZX continues to lose ground with retail investors
NZX Share Split good news for profit takers
New Zealand Stockmarket: A History from beginning to Present
NZX needs competition
NZX sneaks out embarrassing carbon disclosure after dark
Bruce Sheppard: Mark Weldon - "The Sheriff of Nottingham
Bruce Sheppard: Explanation Received
Bruce Sheppard: Please Explain
Mark Weldon Strikes out on Carbon Trading
Mark Weldon now in two minds about Carbon Trading
Quote of the Year

Discuss NZX @ Share Investor Forum

Download NZX Company Reports


From Fishpond.co.nz

Bird on a Wire: The Inside Story from a Straight Talking CEO

Buy Bird on a Wire: The Inside Story from a Straight Talking CEO & more @ Fishpond.co.nz

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c Share Investor 2010