MARKET CLOSE: NZ shares fall; Gentrack sinks on UK energy market fears

MARKET CLOSE: NZ shares fall; Gentrack sinks on UK energy market fears
Paul McBeth
New Zealand shares snapped five days of gains, led lower by Gentrack as investors fretted over how the utilities software developer will cope with ongoing turmoil in Britain’s electricity market. The S&P/NZX 50 Index decreased 14.60 points, or 0.1 percent, to 11,301.98. Within the index, 26 stocks fell, 22 rose, and two were unchanged. Turnover $108 million. Gentrack led the market lower, down 6.3 percent at $3.75, its lowest level since March 2017. The stock has slumped 27.2 percent since issuing its third profit warning on Nov. 21, and...

More Markets

Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

NZX lifts 0.2% as markets wait for US Fed decision
Markets Market Close

NZX lifts 0.2% as markets wait for US Fed decision

The S&P/NZX 50 gained 0.2% to 13,234.89 points on Tuesday.

Gregor Thompson 16 Sep 2025
Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

Gregor Thompson 16 Sep 2025