Freightways outlook and Fonterra vote drive upbeat day

It was a “feel-good” day for Freightways and Fonterra. (Image: Supplied)

Thu, 30 Oct 2025

The New Zealand sharemarket rose today, driven by a positive outlook from Freightways, and the near-unanimous decision to sell Fonterra’s Mainland business to French giant Lactalis.The S&P/NZX 50 Index closed up 0.37% or 50.080 points to 13,459.29 after 35.2 million shares worth $115m were traded.The S&P/NZX 20 index was up 0.38%, closing at 7705.59 points, while the S&P/NZX 10 index ended the day at 12,820.44 after rising 0.44%.There were 73 gainers on the main board and 63 decliners.Generate investment specialist Greg Smith...

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