IkeGPS continues run, up 8.6%; NZX 50 performance still bumpy

IkeGPS is one of the best performing stocks on the market this year. (Image: Supplied)

Mon, 14 Jul 2025

Two positive announcements for small-cap companies were not enough to keep the benchmark above the ledger to start the week.Across the mainboard, 26.8 million shares worth $92.3m changed hands. The S&P/NZX 50 index fell 0.6% to 12,678.69 points, continuing steady losses since the Reserve Bank of New Zealand (RBNZ) held the official cash rate (OCR) at 3.25% on Wednesday last week.Craigs Investment Partners' senior research analyst, Mohandeep Singh, said property stocks had continued their strong performance during a quiet day on the...

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