Market close: Market eases after a strong afternoon of trading

Market close: Market eases after a strong afternoon of trading
A2 rose about 10% towards the end of the day. (Image: NZME)
Graham Skellern
Global marketer a2 Milk brought end-of-week excitement to the New Zealand sharemarket, rising more than 10% and then going into a trading halt as it finalises a potential acquisition.After strong afternoon trading, the S&P/NZX 50 eased late in the day and closed at 12,457.451, down 34.17 points or 0.27%. The index was flat for the week but is ahead nearly 6% for the year.There was continued heavy trading with 50.39 million shares worth $210.92 million changing hands.During the morning a2 Milk rose 69c or 11.31% to $6.79 after reaching a hig...

More Markets

NZ sharemarket dips despite strong US, Australian gains
Markets Market Close

NZ sharemarket dips despite strong US, Australian gains

The S&P/NZX 50 Index closed down 25 points or 0.19%.

Jamie Gray 18 Jul 2025
Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Staff reporters 18 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Auckland Airport irons out confusion over Govt review
Markets

Auckland Airport irons out confusion over Govt review

Shares were up yesterday after the announcement. 

Gregor Thompson 18 Jul 2025