5 Oct 2010

Call for Govt to stimulate NZ sharemarket

1:15 pm on 5 October 2010

As two listed companies consider moving their headquarters across the Tasman, there are renewed calls for the Government to stimulate the New Zealand sharemarket.

The New Zealand sharemarket is suffering from a lack of share floats, and only Ecoya has listed recently.

Dual-listed Nuplex is considering shifting all its head office to Australia, while eftpos and merchant services company, SmartPay says it hasn't ruled out delisting the company from the New Zealand stock exchange as it mulls a flotation across the Tasman.

The head of private wealth research at Craigs Investment Partners, Mark Lister, says selling chunks of state-owned companies on the sharemarket would give the market a much needed boost.