Index reshuffle lifts Briscoe Group as Australian holiday subdues NZX trading

Index reshuffle lifts Briscoe Group as Australian holiday subdues NZX trading
Briscoe Group will enter the NZX 50 on June 23. (Image: Supplied)
Gregor Thompson
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...

More Markets

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025