MARKET CLOSE: NZ shares fall as yield plays ease from records

MARKET CLOSE: NZ shares fall as yield plays ease from records
Paul McBeth
By Paul McBeth July 1 (BusinessDesk) - New Zealand shares fell as several energy and infrastructure firms eased from all-time highs in a quiet start to the September quarter.  The S&P/NZX 50 Index decreased 36.57 points, or 0.3 percent, to 10,464.53. Within the index, 32 stocks fell, 10 gained, and eight were unchanged. Turnover was $73.2 million, with just four companies trading on volumes of more than a million shares.  The benchmark index is still up about 19 percent so far this year, outperforming most stock markets across Asia, as...

More Markets

Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

NZX ends half year down 3.6%
Markets Market Close

NZX ends half year down 3.6%

"We’ve continued to lag relative to other markets," analyst says.

Gregor Thompson 30 Jun 2025
Cooks Coffee flags ‘material uncertainty’
Retail

Cooks Coffee flags ‘material uncertainty’

Executive chair Keith Jackson says the firm is not concerned. 

Gregor Thompson 30 Jun 2025