GDP beats forecasts, but NZ sharemarket dips

Waterman Capital has bought back into My Food Bag. (Image: Supplied)

Thu, 19 Jun 2025

Despite a better-than-expected GDP figure from Stats NZ on Thursday and rebalancing of the NZX50 index, the New Zealand sharemarket fell slightly. The S&P/NZX 50 Index closed down 0.46% or 58.27 points, falling to 12,569.05, with 109 million shares changing hands to the value of $438.6m.The S&P/NZX 20 index closed at 7,390.37, down 0.63%, while the S&P/NZX 10 index ended the day at 1,887.70, a fall of 0.83%.There were 71 gainers and 66 decliners on the main board.GDP stronger than forecastGDP grew at 0.8% in the first quarter o...

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