MARKET CLOSE: NZ shares fall for sixth day as virus fears escalate

MARKET CLOSE: NZ shares fall for sixth day as virus fears escalate
Dan Brunskill
New Zealand shares fell for the sixth consecutive day as the worsening virus outbreak continued to weigh on the local stock market, with travel companies including Air New Zealand among the hardest hit. The S&P/NZX 50 Index declined 157.73 points, or 1.4 percent, to 11,103.43. Within the index, 46 stocks fell, three gained, and just one remained unchanged. Turnover was $258.9 million. Michael McCarthy, chief market strategist at CMC Markets, said coronavirus remained at the heart of investor’s fears. “Developments in the outbreaks in v...

More Markets

NZ shares rally as economy edges out of recession
Markets Market close

NZ shares rally as economy edges out of recession

The S&P/NZX 50 index rose 100.62 points, or 0.9%, to 11,771.81.

Paul McBeth 20 Jun 2024
Leadership changes on Fonterra's management team
Primary Sector

Leadership changes on Fonterra's management team

CEO Miles Hurrell says its to help lead co-op potential consumer divestment.

Riley Kennedy 20 Jun 2024
Forsyth Barr values Radius Care 86% above trading price
Markets

Forsyth Barr values Radius Care 86% above trading price

Investment analysts initiated coverage of Radius on Thursday.

Gregor Thompson 20 Jun 2024
Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

Brian Robins 20 Jun 2024