MARKET CLOSE: NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs

MARKET CLOSE: NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs
Paul McBeth
By Paul McBeth July 19 (BusinessDesk) - New Zealand shares remained in record territory as passive investment funds appeared to support the upward trend in school holiday-affected trading. Tourism Holdings led the market higher when it resumed trading.  The S&P/NZX 50 Index increased 12.06 points, or 0.1 percent, to 10,753.15. Within the index, 27 stocks rose, 18 fell, and five were unchanged. Turnover was $97 million, with just four companies trading on volumes of more than a million shares. Trading has been quieter than usual over th...

More Markets

Infratil insiders back themselves with bigger stakes
Markets

Infratil insiders back themselves with bigger stakes

"They're putting their money where their mouth is," said one analyst.

Infratil lifts market after ASX 200 inclusion
Markets Market close

Infratil lifts market after ASX 200 inclusion

Spark is making a steady comeback.

Gregor Thompson 16 Jul 2025
Infratil to join ASX 200, shares up 4%
Infrastructure

Infratil to join ASX 200, shares up 4%

Analysts expect the liquidity boost to help Infratil's growth.

Gregor Thompson 16 Jul 2025
Forsyth Barr sets Tower target price at 25.8% premium
Markets

Forsyth Barr sets Tower target price at 25.8% premium

Tower has graduated out of having to pay for Forsyth Barr coverage.

Gregor Thompson 16 Jul 2025