NZ market in good spirits as earnings season wraps up

NZ market in good spirits as earnings season wraps up
(Image: Getty)
Ella Somers
New Zealand’s market rose today as the earnings season draws to a close and the US markets' recovery from some of last week’s declines flowed through to the local index.The S&P/NZX 50 index rose 103 points, or 0.9%, to 11,894.580. Turnover was an extremely high $973.3 million due to end-of-month index rebalancing.General insurer Tower was down 0.8% to 61.5 cents by early evening.At the company’s annual meeting today, chair Michael Stiassny said the “rubber is going to hit the road” in how NZ deals with the...

More Markets

Hallenstein stars as NZ stocks drift lower
Markets Market Close

Hallenstein stars as NZ stocks drift lower

The S&P/NZX 50 Index was 42.06 points or 0.32% lower at 13,111.73.

Jamie Gray 26 Sep 2025
Trump to slap new tariffs on pharma
Markets

Trump to slap new tariffs on pharma

Levies on drugs will be imposed on companies that aren’t building plants in the US.

2 Cheap Cars signals branding gear change to chase Turners
Markets

2 Cheap Cars signals branding gear change to chase Turners

At the AGM, a shareholder cited Turners' “very aggressive marketing strategy”.

Gregor Thompson 26 Sep 2025
Hallenstein Glasson reports sales hike to start year
Retail

Hallenstein Glasson reports sales hike to start year

Hallenstein Glasson has reported an early-year sales lift linked to continued growth in its Australian Glassons segment.The clothing retailer reported its full-year earnings for the year to Aug 1 on Friday. Net profit after tax lifted 12.1% to $58.4 million and was at the top end...

Gregor Thompson 26 Sep 2025