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[sharechat] Daily ShareChat News Summary

From: "The ShareChat Team" <>
Date: 20 Sep 2002 21:05:34 -0000

Hi everyone, here's the summary of the ShareChat News from yesterday. 

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AMP shares continue to slide

AMP's shares continued to plunge today, plumbing a new low of $13.40, down 70 
cents, after shedding 90 cents yesterday


AMP shares placed in trading halt

AMP Ltd shares have been placed in a trading halt pending an announcement from 
the company


RB says not in talks with NZSE over computer system merger

The Reserve Bank today said it was not in discussions with the New Zealand 
Stock Exchange (NZSE) about a computer support system merger but it would 
consider such a proposal if it was received


Moody's downgrade Tranz Rail ratings, another possible

Credit rating agency Moody's has downgraded its rating on Tranz Rail, with a 
further downgrade possible


Doubtful Kiwis urged not to lose faith in managed funds

The savaging of AMP's share price this week, which wiped $1.5 billion off the 
company's value, was ostensibly because of capital problems with its British 


One year fixed mortgage rates cut below 7 percent

Competition driven by a strong property market continues to push mortgage rates 
down with one lender dropping its one year fixed interest rate to less than 7 

Best Regards

The ShareChat Team

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