MARKET CLOSE: NZ shares rise as leisure economy set to resume

MARKET CLOSE: NZ shares rise as leisure economy set to resume
Dan Brunskill
New Zealand shares rose as stocks exposed to consumer leisure sectors found support with coronavirus restrictions set to ease, led by pay-TV operator Sky Network Television.  The S&P/NZX 50 increased 46.36 points, or 0.4 percent, to 10,695.59. Within the index, 21 stocks rose, 26 fell, and three were unchanged. Turnover was $181.1 million.  Firms hamstrung by the covid–19 containment picked up more support today as investors rallied around stocks with exposure to the leisure sector, with the prospect of looser restrictions allowing more a...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025