MARKET CLOSE: NZ shares plunge as country prepares for shutdown

MARKET CLOSE: NZ shares plunge as country prepares for shutdown
Dan Brunskill
The share market plunged more than 7 percent today as the Prime Minister confirmed evidence of community transmission of covid-19 and announced the country had 48 hours to prepare for strict isolation. The S&P/NZX50 fell 697.72 points, or 7.6 percent, to 8,98.70. Within the index, 49 stocks fell, and one rose. Turnover was $267.2 million. The government today ratcheted up its response to the mounting virus outbreak by imposing a national lockdown from 11.59pm Wednesday. All bars, restaurants, cafes, cinemas, civic amenities and all non...

More Markets

Sorensen gets share freeze over Sam Watson’s ASX-listed entity
Markets

Sorensen gets share freeze over Sam Watson’s ASX-listed entity

Sam Watson founded Bioxynes, an ASX-listed alternative health company.

IkeGPS continues run, up 8.6%; NZX 50 dips
Markets Market Close

IkeGPS continues run, up 8.6%; NZX 50 dips

Gentrack Group fell 4.23% after a couple of large trades.

Gregor Thompson 14 Jul 2025
Marsden Point biorefinery investment decision edges closer
Markets

Marsden Point biorefinery investment decision edges closer

Final investment decisions pushed back to 2026 because of complexity.

Ian Llewellyn 14 Jul 2025