MARKET CLOSE: NZ shares gain; Z rises after selloff slump, Infratil drops

Jonathan Underhill
Fri, 02 Oct 2015

By Jonathan Underhill Oct. 2 (BusinessDesk) - New Zealand shares rose, lifting the NZX 50 Index from the lowest level in almost a month, on perceptions the market has become less over-valued after two quarters of decline. Z Energy rose, having slumped yesterday as 30 percent of the company changed hands. Infratil fell to its lowest in more than eight months. The S&P/NZX 50 Index rose 8.07 points, or 0.1 percent, to 5593.50. Within the benchmark index, 24 stocks rose, 15 fell and 11 were unchanged. Turnover was $151 million. Z, the tran...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Ex-public servant Peter Crabtree to lead board of space tech startup Zenno
Ben Moore | Mon, 08 Aug 2022

The former head of the NZ space agency delved into the private sector after leaving the government last year.

Vital Healthcare pushes NZ portfolio past $1b
Brent Melville | Mon, 08 Aug 2022

The specialist healthcare property trust has been actively adding NZ properties to its asset base, now valued at almost a third of its $3.3 billion portfolio.

NZ stuck on primary export path, says MBIE research
Jem Traylen | Mon, 08 Aug 2022

MBIE research shows we're world-class farmers so ... we should stay farming,  says MBIE.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).

David Kelly: 'We must learn from past mistakes'

The CEO of the Registered Master Builders Association calls for the government and the building sector to create more resilience.