MARKET CLOSE: NZ shares edge lower as investors digest QE, covid fund

MARKET CLOSE: NZ shares edge lower as investors digest QE, covid fund
Dan Brunskill
New Zealand shares fell as investors paused to digest the extra support from the government and Reserve Bank announced this week and what it means for the economy.  The S&P/NZX 50 Index fell 14.48 points, or 0.1 percent, to 10,730.68. Within the index, 26 stocks rose, 17 fell and seven were unchanged. Turnover was $157 million. This week saw the Reserve Bank announce it would buy up to $60 billion of central and local government bonds - almost doubling its quantitative easing programme - while Finance Minster Grant Robertson oversaw a bud...

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