Gentrack sell-off drives NZ sharemarket down

Gentrack drove the NZ sharemarket down, trading in high volume and turnover on Wednesday. (Image: Supplied)

Wed, 10 Dec 2025

The New Zealand sharemarket closed down on Wednesday, led by a sell-off of Gentrack and property stocks as the market reacted to Westpac’s home loan rate increase.The S&P/NZX 50 Index closed down 0.62% or 83.72 points at 13,371.06 after 33.7 million shares, worth $137.4m, were traded.The S&P/NZX 20 index was down 0.82%, closing at 7610.56 points, while the S&P/NZX 10 index ended the day at 12,757.23 after falling 0.82%.There were 61 gainers on the main board and 84 decliners.Westpac effectGenerate investment specialist Greg Sm...

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