MARKET CLOSE: NZ shares fall as A2 hits 7-month low; Spark still defies naysayers

MARKET CLOSE: NZ shares fall as A2 hits 7-month low; Spark still defies naysayers
Victoria Young
By Victoria Young Sept. 24 (BusinessDesk) - New Zealand shares fell, as a seven-month low for A2 Milk outweighed the revival in appetite among investors for high-yielding stocks such as Meridian Energy and Chorus.  The S&P/NZX 50 Index fell 14.62 points, or 0.1 percent, to 10,873.33. Within the index, 21 stocks fell, 26 rose and three were unchanged. Turnover was $102.1 million with four stocks trading on volumes of more than a million shares.  A2 led the market lower, down 3.1 percent at $13.28 on a volume of 608,000 shares, less than...

More Markets

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Tom Raynel 03 Jul 2025
Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Staff reporters 03 Jul 2025
Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Ian Llewellyn 03 Jul 2025
Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025