MARKET CLOSE: NZ shares fall; high oil prices weigh on Air NZ, Mainfreight

MARKET CLOSE: NZ shares fall; high oil prices weigh on Air NZ, Mainfreight
Paul McBeth
By Paul McBeth Sept. 16 (BusinessDesk) - New Zealand shares fell as the attack on Saudi Arabian oil facilities unnerved investors and higher oil prices weighed on transport stocks including Air New Zealand and Mainfreight.  The S&P/NZX 50 Index declined 31.66 points, or 0.3 percent, to 10,831.75. Within the index, 26 stocks fell, 18 rose, and six were unchanged. Turnover was $68.8 million with just three stocks trading on volumes of more than a million shares.  Stocks across Asia were mixed as investors digest the drone attacks on two...

More Infrastructure

Investment Summit creates 'momentum'
Infrastructure

Investment Summit creates 'momentum'

An Italian tunneling firm says the summit helped convince them to stay in NZ.

Fast-track early birds pass first hurdle
Infrastructure

Fast-track early birds pass first hurdle

EPA clears first three applicants as Jones warns against 'finicky' approach.

Oliver Lewis 13 Mar 2025
Consortium steps forward for Northland Expressway
Infrastructure

Consortium steps forward for Northland Expressway

Nicola Willis talks up summit deal-making and calls NZ an 'undervalued stock'.

Oliver Lewis 13 Mar 2025