NZ market flattens out as KMD Brands falls almost 5%

NZ market flattens out as KMD Brands falls almost 5%
The S&P/NZX 50 Index fell 19.7 points, or 0.2% to 11,324.82. (Image: Supplied)
Ella Somers
New Zealand's benchmark share index dipped slightly as investors waited to hear what the US Federal Reserve said after its two-day meeting came to an end early Thursday morning NZ time.Closer to home, outdoor and sports retailer KMD Brands told the market that group sales jumped 12.6% to $1.1 billion – up from $979.8 million a year earlier – and the stock fell almost 5% in response to a weaker outlook.The S&P/NZX 50 Index fell 19.7 points, or 0.2%, to 11,324.82. Turnover was $105.2 million. There were 57 gainers and 74 decli...

More Markets

NZ sharemarket continues sliding, down 0.5%
Markets Market close

NZ sharemarket continues sliding, down 0.5%

The S&P/NZX 50 Index closed at 12,692.72, down 68.47 points or 0.54%.

Spark sells remaining Connexa stake for $314m
Markets

Spark sells remaining Connexa stake for $314m

The sale will result in a $70m gain on telco's books.

Ben Moore 11:45am
Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Neal Barclay to exit Meridian as CEO
Markets

Neal Barclay to exit Meridian as CEO

Current CFO Mike Roan will take Barclay's spot atop Meridian.