MARKET CLOSE: NZ shares dip; Kiwi Property capital raising hogs the headlines

MARKET CLOSE: NZ shares dip; Kiwi Property capital raising hogs the headlines
Paul McBeth
New Zealand shares dipped as Kiwi Property Group's plans to raise up to $210 million kept investors busy ahead of the US Federal Reserve's policy review overnight and a slew of local company earnings and annual meetings tomorrow.  The S&P/NZX 50 Index decreased 4.21 points, or 0.04 percent, to 10,789.54. Within the index, 28 stocks fell, 16 rose, and six were unchanged. Turnover was $172.1 million.  Property stocks were generally weaker as investors cleared out their portfolios to make way for Kiwi Property's capital raising. The owner of...

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