MARKET CLOSE: NZ shares as investors regain confidence in utilities

MARKET CLOSE: NZ shares as investors regain confidence in utilities
Paul McBeth
New Zealand shares continued their march in uncharted territory as utilities such as Contact Energy and Meridian recovered some investor support. The S&P/NZX 50 Index rose 61.19 points, or 0.5 percent, to 11,737.86. Within the index, 23 stocks rose, 18 fell, and nine were unchanged. Turnover was $158.3 million. New Zealand, Australian, and Vietnamese stock markets were the strongest across Asia as investors digested the impact of the formal signing of the first tranche of a US-China trade deal. Local exporters were among the day’s gain...

More Markets

Delegat provides a bubbly end to NZ reporting season
Markets Market Close

Delegat provides a bubbly end to NZ reporting season

Delegat Group rallied 39c to $4.05 despite a 14% profit decline.

Jamie Gray 29 Aug 2025
Harvey Norman reports 'notable turnaround' in NZ
Retail

Harvey Norman reports 'notable turnaround' in NZ

Sales in NZ rose 1.6% to $1.05 billion.

Staff reporters 29 Aug 2025
Years of turbulence ahead for Air NZ: Analysts
Markets

Years of turbulence ahead for Air NZ: Analysts

One brokerage has downgraded the airline’s stock to “sell”.

John Anthony 29 Aug 2025
Port of Tauranga seeks support for fast-track tweak
Policy

Port of Tauranga seeks support for fast-track tweak

Fast-track saga overshadows Port of Tauranga 23% profit rise.

Garth Bray 29 Aug 2025