High flying Air NZ does not lift the sharemarket

High flying Air NZ does not lift the sharemarket
Strong results from Aukland airport and Air NZ did not lift the market (Image: DepositPhotos)
Graham Skellern
Uncertainty crept back into the New Zealand sharemarket, down more than half a percent, despite solid financial results from high-flying Air NZ and Auckland International Airport.The S&P/NZX 50 Index dipped in the early afternoon and closed at 11,502.13, declining 69.8 points or 0.6%.There were 68 gainers and 66 decliners on the main board, with 28.33 million shares worth $96.31m changing hands.Jeremy Sullivan, an investment advisor with Hamilton Hindin Greene, said the general election was approaching quickly and business confidence was lo...

More Markets

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

NZX ends half year down 3.6%
Markets Market Close

NZX ends half year down 3.6%

"We’ve continued to lag relative to other markets," analyst says.

Gregor Thompson 30 Jun 2025