Nearly $1b changes hands on NZX as indices rebalance

Nearly $1b changes hands on NZX as indices rebalance
There was heavy turnover on the NZX today. (Image: Getty)
Graham Skellern
Nearly $1 billion worth of shares were traded in the May quarterly review of the MSCI global indices and the New Zealand sharemarket responded with a half percent fall.The impressive volumes took place in the extended matching session as fund managers rebalanced their portfolios. The S&P/NZX 50 Index closed at 11,813.01, down 65.7 points or 0.55% after reaching an intraday high of 11,909.1.There were 61 gainers and 72 decliners over the whole market with trading covering 220.21 million shares worth $948.68mChorus was down 15c or 1.8% to $8....

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025