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

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024