ASX hits new record as NZ sharemarket falls

ASX hits new record as NZ sharemarket falls
The ASX reaches new high as NZX dips. (Image: Getty)
Graham Skellern
Australian inflation fell more than expected, and its sharemarket hit an all-time high. But the New Zealand bourse ignored all that action and declined nearly half a percent.After a mixed day on Wall Street, the S&P/NZX 50 Index fell sharply at the opening and never recovered, closing at 11,872.1 – down 42.3 points or 0.36%. The intraday low was 11,832.81 points.There were 55 gainers and 71 decliners over the whole market on volumes of 30.82 million share transactions worth $128.17m. Auckland International Airport, down 1.5c to $8.435...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025
Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025