Market lifts slightly despite rattled investors

Market lifts slightly despite rattled investors
(Image: Synlait)
Graham Skellern
The New Zealand sharemarket ended a roller-coaster week with a small gain, but Synlait Milk slumped after significantly downgrading its earnings forecast.The S&P/NZX 50 Index rebounded late in the day and closed at 11,714.69, up 15.67 points or 0.13% after reaching an intraday low of 11,665.63. Trading was extended to meet the quarterly rebalancing of the NZX and FTSE Russell Indices, with Arvida Group, Serko, Tourism Holdings and Vista Group falling out of the FTSE Small Cap Index, and Channel Infrastructure entering the NZX 50 in pla...

More Markets

Bathurst vs Talley's: battling on
Markets Part 3

Bathurst vs Talley's: battling on

Bathurst turned back to Asian investors to raise capital this year.

Kiwibank's $500m capital hike fails to inspire
Markets

Kiwibank's $500m capital hike fails to inspire

Capital raise plans designed to help the bank grab market share from its Aussie rivals.

NZX falls as Synlait and Mainfreight take hits
Markets Market Close

NZX falls as Synlait and Mainfreight take hits

Market reacts strongly to news of "challenges" at Synlait's Dunsandel plant.

Tom Raynel 30 Jul 2025
'Slow and disappointing' start to the year for Mainfreight
Markets

'Slow and disappointing' start to the year for Mainfreight

The freight and logistics firm said profits were down across its three main divisions.

Staff reporters 30 Jul 2025