MARKET CLOSE: NZ shares fall as Melbourne lockdown spooks investors

MARKET CLOSE: NZ shares fall as Melbourne lockdown spooks investors
Dan Brunskill
New Zealand shares followed Australia lower as investors weighed up the economic impact of a covid-19 lockdown being re-imposed in the state of Victoria, where new cases of the coronavirus have spiked in the last week.  The S&P/NZX 50 Index declined 36.46 points, or 0.3 percent, to 11,707.27. Within the index, 28 stocks fell, 15 rose, and seven were unchanged. Turnover was $129 million. Hopes of a swift Australian recovery from the covid-19 pandemic and its resulting economic loss evaporated last night as the Victorian state government pu...

More Markets

NZ sharemarket drops after weak GDP data
Markets Market Close

NZ sharemarket drops after weak GDP data

Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.