MARKET CLOSE: NZ shares led higher by exporters Kathmandu, A2 in light trading

Wed, 03 Jul 2019

By Paul McBeth July 3 (BusinessDesk) - New Zealand shares rose in light trading ahead of the US Independence Day holiday, with exporters Kathmandu Holdings and A2 Milk Co leading the market higher. The S&P/NZX 50 Index increased 12.49 points, or 0.1 percent, to 10,544.43. Within the index, 27 stocks rose, 18 fell, and five were unchanged. Turnover was $84.7 million, with just three stocks trading on volumes of more than a million shares. Stocks across Asia were largely weaker as investors continue to worry over the trade tensions bet...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Retail

Mitre 10 starts banking IT project gains

The hardware store chain has gained share in a tough market.

Pattrick Smellie 5:00am

On the Money

On the Money: The EU, Air NZ succession, and more

A royal succession plays out in the skies, and Luxon talks about toast.

Dileepa Fonseka 5:00am

On the Money: The EU, Air NZ succession, and more

World

Budapest bust shows pressure works on Putin

Rattling Russia’s cage some more might bring Putin to his senses.

The Washington Post 5:00am

Budapest bust shows pressure works on Putin

Sponsored

NZ risks losing edge as Australia takes lead in cleaner jet fuel

Experts warn SAF delay could cost jobs and growth.

Z Energy

Sponsored

Focus on safety of SME vehicle fleets

Vehicle glass repairer’s work enhances road safety.

Smith & Smith

More Markets

Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025

Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025