NZ market in waiting mode as investors wait for central banks' decisions

NZ market in waiting mode as investors wait for central banks' decisions
(Image: Getty)
Ella Somers
New Zealand’s domestic market was kept busy today with a smattering of company announcements while investors wait for multiple central banks to announce new monetary decisions.The S&P/NZX 50 index fell 66.5 points, or 0.6%, to 11,967.72. Across the main board, 82 stocks fell and 51 rose. Turnover was $154 million.Craigs Investment Partners’ Peter McIntyre said the NZX 50 had risen 4.9% in January so far – making it the strongest monthly gain NZ’s market had seen since August 2021.Central banks are in the spotlight th...

More Markets

Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Gentrack in the hunt for 10 new customers
Markets

Gentrack in the hunt for 10 new customers

Shares climb more than 14% on hopes of at least three or four new customers.  

Another solar farm gets the nod from Genesis
Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

NZ’s Mighty Ape still weighing on ASX parent Kogan
Markets

NZ’s Mighty Ape still weighing on ASX parent Kogan

Management expects Mighty Ape to return to profitability in the second half of FY26.