MARKET CLOSE: NZ shares fall as investors wait for economy to reopen

MARKET CLOSE: NZ shares fall as investors wait for economy to reopen
Dan Brunskill
New Zealand shares edged lower as investors paused to take stock as they wait to see how conditions develop under alert level 3. Air New Zealand led the market lower. The S&P/NZX 50 Index declined 26.63 points, or 0.3 percent, to 10,419.48. Within the index, 33 stocks fell, nine rose, and eight were unchanged. Turnover was $187.6 million. Investors took a more cautious approach to trading ahead of the long weekend, holding back to reassess once they get a clearer picture of the conditions under looser pandemic restrictions. “Locally, t...

More Markets

Market ends on a slight upnote after week of poor results
Markets

Market ends on a slight upnote after week of poor results

The reporting season results weighed on the market all week. 

Staff reporters 23 Feb 2024
‘Take a breath’: Greg Foran on Air NZ's year ahead
Markets

‘Take a breath’: Greg Foran on Air NZ's year ahead

Air NZ is carrying some unavoidable lead in the saddlebag for at least the next 18 months.

Pattrick Smellie 23 Feb 2024
Economic headwinds, rail charges hit Port of Tauranga
Infrastructure

Economic headwinds, rail charges hit Port of Tauranga

The biggest export port in the country has reported a drop in net profit. 

Oliver Lewis 23 Feb 2024
NZX's profit slips, trading volumes lowest in nine years
Markets

NZX's profit slips, trading volumes lowest in nine years

But the stock exchange operator's revenue was up.

Riley Kennedy 23 Feb 2024