Fletcher’s down 3.6% as NZX excluded from ceasefire rally

Fletcher Building shares dipped after its investor day. (Image: NZME)

Tue, 24 Jun 2025

The New Zealand share market has been excluded from a rally triggered by hopes of cooling tensions between Iran and Israel. Just after midday on Tuesday, Iran’s foreign minister, Abbas Araghchi, said there was no ceasefire agreement but that Tehran had “no intention” of continuing its response if Israel stopped its “aggression”. With just over $111 million of equities traded on the exchange, the benchmark S&P/NZX 50 dipped 0.52% to 12,467.480 points despite rallies in other markets.At 5pm, the Austral...

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