MARKET CLOSE: NZ shares gain as tweaked earnings outlooks boost A2, weigh on Fletcher

MARKET CLOSE: NZ shares gain as tweaked earnings outlooks boost A2, weigh on Fletcher
Paul McBeth
By Paul McBeth Aug. 19 (BusinessDesk) - New Zealand shares snapped a six-day decline, rising ahead of a flurry of company results this week as investors adjusted their earnings expectations to the benefit of A2 Milk and detriment of Fletcher Building.  The S&P/NZX 50 Index increased 47.12 points, or 0.4 percent, to 10,702.48. Within the index, 23 stocks rose, 23 fell, and four were unchanged. Turnover was $128.3 million.  The domestic corporate earnings season picks up speed this week with blue-chip stocks including Mercury NZ, A2, Fle...

More Markets

Gentrack now one of NZ's most valuable listed companies
Markets

Gentrack now one of NZ's most valuable listed companies

Utilities software provider keeps winning customers and moving up the NZX.

THL buyout offer lifts NZX 50
Markets Market Close

THL buyout offer lifts NZX 50

Tourism Holdings helped the NZX 50 rise 1.09%.

Gregor Thompson 16 Jun 2025
THL exec enlists private equity for takeover bid
Markets

THL exec enlists private equity for takeover bid

In tandem with the offer, the consortium has amassed a 19.99% stake in THL.

Gregor Thompson 16 Jun 2025
Comvita forecasts another annual loss
Markets

Comvita forecasts another annual loss

Forecast losses don't include any impairment which is likely to be significant.

Staff reporters 16 Jun 2025