NZ market edges down as companies issue bad news

NZ market edges down as companies issue bad news
NZ’s market flattened out on subdued investor sentiment and bad news. (Image: Getty)
Ella Somers
New Zealand’s market flattened out on subdued investor sentiment as horticultural company Seeka and Fletcher Building downgraded their full-year results.The S&P/NZX 50 Index edged down 13.1 points, or 0.11%, to 11,776.25. Turnover on the entire market was $107.4 million and 63 stocks rose while 68 fell. Craigs Investment Partners investment adviser Peter McIntyre said the quietness in NZ’s share market of late was based on two things: investor concern over weakening demand out of China and a congressional testimony com...

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