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

NZME board told 'compromise or be rolled'
Markets

NZME board told 'compromise or be rolled'

Minority shareholders are falling in behind billionaire Jim Grenon's board coup.

NZ sharemarket steady after Ryman completes capital raise
Markets Market Close

NZ sharemarket steady after Ryman completes capital raise

The S&P/NZX 50 Index closed at 12,209.05, down 40.5 points or 0.33%.

Graham Skellern 13 Mar 2025
Underwriters left with $161m of Ryman stock
Property

Underwriters left with $161m of Ryman stock

Retail investors took up 42% of the shares offered to them in the capital raise.

Gregor Thompson 13 Mar 2025
NZ sharemarket falls 1.3% on uncertainty
Markets Market Close

NZ sharemarket falls 1.3% on uncertainty

The S&P/NZX 50 Index closed at 12,249.55, down 161.42 points or 1.3%.

Graham Skellern 12 Mar 2025