Gentrack takes another hit as NZX 50 trades down 0.3% to start week

Don Braid bought 10,000 Mainfreight shares last week. (Image: Supplied)

Mon, 04 Aug 2025

The New Zealand sharemarket fell marginally on Monday as Mainfreight's gains were offset by Gentrack Group's losses.The benchmark S&P/NZX 50 fell 0.36% to 12,684.00 points to start the week, with 33.1 million shares worth $117m changing hands. Paul Robertshawe, Octagon's chief investment officer, highlighted Gentrack Group, which fell 3.16% to $10.12 and is down over 20% in the last 30 days.Robertshawe said both Craigs and Forsyth Barr had downgraded the stock. Australian investment house Jefferies has likewise downgraded,...

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