New Zealand market falls despite strong earnings

New Zealand market falls despite strong earnings
Mainfreight reported a $217m net-profit for the six months to September. (Image: Supplied)
Riley Kennedy
The New Zealand local market ended the day in the red, despite strong earnings from heavy-weight stocks like global logistics company Mainfreight.The S&P/NZX 50 index decreased 51.54 points, or 0.46%, to 11,091.930 points.      Across the main board, 40 shares rose and 91 fell. Turnover was very light at $68 million. It was a busy day on the earnings front with global logistics company Mainfreight reporting that it would pay $85.6m, up 54.5%, as an interim dividend to shareholders after boosting net profits by two-thirds...

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