AMP stock halted in NZ for share placement

Wednesday 5th November 2008

Australian insurer AMP Ltd. was halted from trading on the NZX pending a bookbuild for a placement of shares.

The trading halt will remain in place until midday, according to the statement to the NZX.

The New Zealand shares of AMP surged more than 4% yesterday, tracing Australia financials higher after that country's central bank cut its benchmark interest rate a greater than expected 75 basis points to 5.25%.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SkyCity Appoints Chief Financial Officer
February 13th Morning Report
February 12th Morning Report
NZME 2025 Full Year Results Release Date
Turners Institutional Investor Day
February 10th Morning Report
PEB - Medicare Contractor Novitas Schedules Expert Panel
NZK Enters Into Wellboat Lease Agreement
Fonterra announces Mainland Group leadership change
OCA - Oceania announces Director changes as part of Board refresh