Cyclical stocks lift NZ sharemarket for second day

Volumes were strong, with 44.47 million share transactions worth $201.67m. (Image: Getty)

Thu, 27 Feb 2025

Cyclical stocks continued to recover on the back of an improving economy as the New Zealand sharemarket posted a further 0.7% gain.The S&P/NZX 50 Index traded strongly in the afternoon and closed at 12,540.87, up 88.41 points or 0.71% after reaching an intraday low of 12,417.17. The index has regained 1.89% in two trading days.Volumes were again strong with 44.47 million share transactions worth $201.67m.Shane Solly, portfolio manager with Harbour Asset Management, said: “We have had quite a sobering reporting season and we may have s...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

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.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

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 }}

Primary Sector

Mineral sands miner appoints new chair for expansion era

Debbie Birch joins the group as it seeks consent for a major new mine near Hokitika.

Oliver Lewis 1:00pm

Markets

Behind the rise of shareholder activism

Activists can be seen as 'baddies', but a new report says there are benefits.

Rebecca Stevenson 1:00pm

Retail Analysis

Are all Willis’ duopoly-breaking options really on the table?

A survey of her external adviser's views suggests not.

Gregor Thompson 12:20pm

Are all Willis’ duopoly-breaking options really on the table?

Sponsored

Commercial property trends: AI, sustainability and growing confidence

Falling rates and green tech shape property investment’s future.

PMG

Sponsored

Continuing Arnold Downer’s legacy: infrastructure, inclusion and impact

‘The Downer difference’ in action: building communities, creating lasting change.

Sponsored by Downer

More Markets

Markets

Behind the rise of shareholder activism

Activists can be seen as 'baddies', but a new report says there are benefits.

Rebecca Stevenson 1:00pm

Retail

My Food Bag CEO signals 'return to growth'

My Food Bag's chief executive, Mark Winter, says the company has "returned to growth" after strengthening its sales performance in the second half of the financial year.On Tuesday, the meal-kit delivery firm told the NZX that it expects to deliver full-year earnings in line w...

Gregor Thompson 9:20am