Index reshuffle lifts Briscoe Group as Australian holiday subdues NZX trading

Briscoe Group will enter the NZX 50 on June 23. (Image: Supplied)

Mon, 09 Jun 2025

A rebalancing of New Zealand’s benchmark index has benefited one listed retailer at the expense of another. The S&P/NZX 50 fell 0.19% to 12,539.26 points after a slow day on the share market, in which $65.4 million of equities changed hands.Peter Sigley, director of institutional sales at Forsyth Barr, said Australian markets pausing to observe King’s Birthday had further subdued trading on what is typically the slowest day of the week.Go, Briscoe Two big moves on the exchange were triggered by some index rebalancing s...

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