MARKET CLOSE: Shares rise, dollar softens as negative cash rate predicted

MARKET CLOSE: Shares rise, dollar softens as negative cash rate predicted
Dan Brunskill
New Zealand shares climbed for a second day as investors continued buying dividend-paying stocks and as another bank forecast negative interest rates here within a year. The S&P/NZX 50 Index rose 176.18 points, or 1.5 percent, to 11,849.13. Within the index, 41 stocks rose, five fell and four were unchanged. Turnover was $217.8 million. Record-low interest rates have been fuelling a rotation out of cash and into the share market with investors seeing it as one of the few options for a return on capital. “The Reserve Bank has driven int...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025