MARKET CLOSE: New Zealand shares joins Asia rally; Air NZ plummets

MARKET CLOSE: New Zealand shares joins Asia rally; Air NZ plummets
Dan Brunskill
New Zealand shares joined a rally across Asia, clawing back some of the week’s losses, despite Air New Zealand tumbling by a third after coming off a trading halt.The S&P/NZX50 rose 87.91 points, or 1 percent, to 9,201.64. Within the index, 27 stocks rose, 20 fell and 3 were unchanged. Turnover was almost double the average at $482.7 million with an extended adjustment session to accommodate the last trading day before the FTSE Russell's quarterly index review.Chris Smith, general manager at CMC Markets New Zealand, said US equity markets r...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025