NZ market gains on back of KMD's 'impressive result'

NZ market gains on back of KMD's 'impressive result'
(Image: BusinessDesk)
Graham Skellern
A more confident New Zealand sharemarket posted a half percent gain on the comfort of record first-half earnings from retailer KMD Brands and a feeling that the offshore banking crisis is under control.The S&P/NZX 50 Index had a late surge in the last half-hour matching session and closed near the day’s high at 11,586.93, up 55.63 points or 0.48%.There were 74 gainers and 57 decliners over the whole market on improved volume of 35.18 million shares worth $131.77m. Auckland International Airport, up 6c to $8.88, dominated the individua...

More Markets

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Eden Bradfield 26 Jul 2025
Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025