Fonterra Shareholders’ Fund up 4% as NZX 50 lifts second day this week

Fonterra Shareholders’ Fund was up 3.9% to $6.92. (Image: Supplied)

Tue, 29 Jul 2025

The New Zealand share market added to its weekly gains on Tuesday as volumes picked up from subdued levels.The S&P/NZX 50 index rose 0.20% to 12,936.41 points with 27.6 million shares changing hands, amounting to $103.6m in value traded.Paul Robertshawe, Octagon’s chief investment officer, said the big news on the market was the death of Michael Hill International’s founder, Michael Hill.He said that, short term, it was unlikely to change investors’ positions on the company, but that it could change things going forward.&l...

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