Markets

MARKET CLOSE: NZ shares fall as investors unnerved by global uncertainty; Fonterra jumps

Paul McBeth
Thu, 26 Sep 2019

By Paul McBeth Sept. 26 (BusinessDesk) - New Zealand shares fell, led lower by exporters Synlait Milk and Pushpay Holdings, as investors remained nervous about the global economy. Fonterra Shareholders' Fund units rallied as the dairy giant unveiled a new strategy to get earnings back on track. The S&P/NZX 50 Index decreased 38.67 points, or 0.4 percent, to 10,822.77. Within the index, 28 stocks fell, 17 rose, and five were unchanged. Turnover was $115.7 million, with just five stocks trading on volumes of more than a million shares. ...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property FREE

Money Answers: how much mortgage can I actually afford?

Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Health

The eyes have it

The Economist | Sat, 25 Jun 2022

Short-sightedness used to be rare. Now it's growing across the globe. Tim Cross, The Economist's technology editor, investigates its rapid rise.

On the Money

On the Money: Don Braid, Fletcher, Steve Newman and more

Victoria Young | Sat, 25 Jun 2022

OTM this week: A bit of matchy-matchy for Don Braid, the reopening of Parliament's lawns, Eroad, Fletcher and more.

MARKET CLOSE: NZ shares fall as investors unnerved by global uncertainty; Fonterra jumps

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team