MARKET CLOSE: NZ shares edge higher as earnings season rewards investors

MARKET CLOSE: NZ shares edge higher as earnings season rewards investors
Dan Brunskill
New Zealand shares edged higher today, rounding out the second week of major earnings with a 2 percent weekly gain. The S&P/NZX 50 Index increased 8.48 points, or 0.07 percent, to 12,073.34. Within the index, 17 stocks gained, 30 fell, and three were unchanged. Turnover was $138.8 million. Yesterday, the index broke through 12,000 for the first time. However, US stock indices fell today, with the S&P 500 and Dow Jones Industrial Average both down 0.4 percent, and the Nasdaq down 0.7 percent. The weak lead from Wall Street left investor...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025