MARKET CLOSE: NZ shares rise; Auckland Airport rallies after $1b placement

MARKET CLOSE: NZ shares rise; Auckland Airport rallies after $1b placement
Dan Brunskill
New Zealand shares rose as Auckland International Airport resumed trading after successfully raising $1 billion in a discounted placement to shore up its balance sheet. The S&P/NZX 50 Index increased 46.03 points, or 0.5 percent, to 9,809.85. Within the index, 41 stocks rose, seven fell, and two were unchanged. Turnover was $239.4 million.Investors cleared out their portfolios yesterday to take part in the Auckland Airport placement, with the shares sold at $4.66 apiece to institutions in the bookbuild process. The airport operator's s...

More Markets

NZME board told 'compromise or be rolled'
Markets

NZME board told 'compromise or be rolled'

Minority shareholders are falling in behind billionaire Jim Grenon's board coup.

NZ sharemarket steady after Ryman completes capital raise
Markets Market Close

NZ sharemarket steady after Ryman completes capital raise

The S&P/NZX 50 Index closed at 12,209.05, down 40.5 points or 0.33%.

Graham Skellern 13 Mar 2025
Underwriters left with $161m of Ryman stock
Property

Underwriters left with $161m of Ryman stock

Retail investors took up 42% of the shares offered to them in the capital raise.

Gregor Thompson 13 Mar 2025
NZ sharemarket falls 1.3% on uncertainty
Markets Market Close

NZ sharemarket falls 1.3% on uncertainty

The S&P/NZX 50 Index closed at 12,249.55, down 161.42 points or 1.3%.

Graham Skellern 12 Mar 2025