MARKET CLOSE: Mainfreight leads shares higher

MARKET CLOSE: Mainfreight leads shares higher
Dan Brunskill
Global logistics firm Mainfreight led New Zealand shares higher as the index chalked up its eleventh straight day of gains. The S&P/NZX 50 Index rose 89.76 points, or 0.7 percent, to 12,543.61. Within the index, 15 stocks fell, 28 rose and seven were unchanged. Turnover was $183.1 million.The NZX was the only major share market in Asia to climb, with most global investors taking a more cautious approach as the likelihood of fast fiscal stimulus in the US once again faded. Peter McIntyre, an investment advisor at Craigs Investment...

More Markets

NZ stocks ease while speculation swirls around Fletcher Building
Markets Market close

NZ stocks ease while speculation swirls around Fletcher Building

The S&P/NZX50 index ended at 11,694.60, down 15.29 points.

Jamie Gray 27 Feb 2024
Heartland shares bounce back on 1H results
Markets

Heartland shares bounce back on 1H results

The company's share price was up nearly 7% early on, before easing back. 

Gregor Thompson 27 Feb 2024
PGW puts dividends on ice
Primary Sector

PGW puts dividends on ice

Its profit for the six months was down 40%.

Riley Kennedy 27 Feb 2024
Auckland growth and weather influence Vector's results
Infrastructure

Auckland growth and weather influence Vector's results

The company reported adjusted earnings of $185 million, up 7%.

Ian Llewellyn 27 Feb 2024