NZ market ignores Budget to end day softer

One of the biggest gainers on the day was transport software specialist Eroad. (Image: Supplied)

Fri, 23 May 2025

The New Zealand sharemarket largely ignored the Budget to end weaker, which was driven partly by a fall in infrastructure investor Infratil and offshore influences.The S&P/NZX 50 Index ended down 0.52%, or 65.75 points, at 12,596.50, with 44.7 million shares, worth $141.5m trading hands.There were 73 rises and 63 falls on the main board.Salt Funds managing director Matt Goodson said the Budget was seen as a mild positive for the market.“A lot of the things in the Budget were positive at the margin for the economy, but they were pretty...

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