Forum Archive Index - March 2001

["hugh webber" <hugh.webber@clear.net.nz>]

I think if you look at the number of falls versus rises yesterday you'll
see that falls heavily outweighed rises and that the NZSE only rose because
of Telecom and Telecom only rose for a technical factor i.e. announcement
its being included in Australian share indices means that passive fund
investors over there now have to buy it.
All this means is that the NZSE really had a fall yesterday, sizeable.
Also ANZ and Westpac are Australian banks and their share price reflects
that and the Australian economy has just become the sick man of
Australasia.
And you must be aware of the heavy falls in the Dow, the Nikkei and
elsewhere.
The implication is that individual shares are being priced on the economic
climate
and not on their own merits - although of course, their own merits will to
some extent be affected by the economic climate which is expected lower
volume of business which also affects the selling prices of their output.

----------
> From: dhawthorne <dhawthorne@clear.net.nz>
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Interest Rates and Shares!!
> Date: Thursday, 15 March 2001 22:32
> 
> Evening all,
> 
> As I sit here and ponder the days activities, I wonder to myself, 'what
do they
> know that I dont'?  I am refering to ANZ and WestPac, down 72c and 38c
respectfully.
>  Was this drop due to the fact that  interest rates have been cut,
therefore
> less profit?  What about the theory of more people taking morgtages, due
to
> the lower interest rates, therefore more profit to ANZ and WPT?  Is there
an
> announcement that I have missed?  
> 
> Also I am curious about NCH.  It is now in the NZSE10, is there a stigma
surrounding
> this stock?  I thought with "ON's" new pricing, this stock might take
off. 
> Will some experianced readers please offer some comments regarding this
stock.
>  I have done my figures, but would like some input from others.
> 
> Regards Dave
> 
> 
>
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