Geopolitical tensions keep NZ sharemarket steady, oil prices rise

International news drives local investors. (Image: NZME)

Wed, 18 Jun 2025

The New Zealand sharemarket was flat on Wednesday as international markets remain wary of growing geopolitical tensions between the United States and Iran, impacting oil prices.The S&P/NZX 50 Index closed down 0.10% or 12.25 points, falling to 12,627.32, with 33.2 million shares changing hands to the value of $138.4m.The S&P/NZX 20 index closed at 7,437.05, down 0.20%, while the S&P/NZX 10 index ended the day at 1,903.54, a fall of 0.29%.There were 69 gainers and 64 decliners on the main board.'A more dovish statement'In the...

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