Investors slumber as stocks move with no apparent rhyme nor reason

Investors slumber as stocks move with no apparent rhyme nor reason
The sharemarket had a mix of winners and losers. (Image: Getty)
Graham Skellern
The New Zealand sharemarket slipped into a slumber on another day of light trading, with little movement among the leading stocks.The S&P/NZX 50 Index lacked real direction, bouncing up and down all day and finally closed at 11,649.2 – up 10.52 points or 0.09%. The index reached an intraday low of 11,611.04.There were 55 gainers and 70 decliners over the whole market on volumes of 26.15 million share transactions worth $96.17m.Matt Goodson, managing director of Salt Funds Management, said the market was mixed on very little corporate...

More Markets

KMD Brands pulled into Trump trade war
Retail

KMD Brands pulled into Trump trade war

Like a lot associated with so-called ‘Liberation Day’, much remains uncertain.

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Jarden says Skellerup 'most exposed' to Trump's tariffs
Markets

Jarden says Skellerup 'most exposed' to Trump's tariffs

US President Donald Trump's sweeping global tariffs, announced on Thursday, are expected to have devastating consequences not only in the US but also in New Zealand.In a note on Friday morning, Jarden analysts Guy Hooper and Nick Yeo predicted that NZX-listed Skellerup looks...

Wall Street reels as Trump’s plan sinks markets
Markets

Wall Street reels as Trump’s plan sinks markets

The president’s sweeping tariffs proved far more severe than investors predicted.