MARKET CLOSE: NZ shares fall; Oceania reports weak earnings

MARKET CLOSE: NZ shares fall; Oceania reports weak earnings
Dan Brunskill
New Zealand shares fell, led lower by Oceania Healthcare after it reported annual earnings significantly weaker due to covid-19. The S&P/NZX 50 Index declined 29.56 points, or 0.3 percent, to 11,693.41. Within the index, 24 stocks rose, 19 fell, and seven were unchanged. Turnover was $136.4 million. Oceania reported a net loss of $13.6 million in the year ended May after writing down the value of its property portfolio by $22.5 million. It reported a $45.4 million profit in the prior year. Its share price fell 3.9 percent to 99 cents b...

More Markets

Softer market ignores Budget
Markets Market Close

Softer market ignores Budget

Post-Budget, all eyes are on the Reserve Bank's OCR announcement next Wednesday.

Jamie Gray 23 May 2025
Restaurant Brands ‘does not seem to care’: Shareholder
Retail

Restaurant Brands ‘does not seem to care’: Shareholder

At the fiery annual meeting, a shareholder called the Californian market a ‘sinkhole’.

Gregor Thompson 23 May 2025
Channel increases dividend, mulls ASX listing
Infrastructure

Channel increases dividend, mulls ASX listing

Dividend up from 11c to between 12c and 12.5c. 

Ian Llewellyn 23 May 2025
Which small cap is off to Aussie? Plus results, and more
Markets The Small Cap Wrap

Which small cap is off to Aussie? Plus results, and more

PaySauce, Blis, Aroa, Foley Wines, John McMahon, and more.