NZ market turns over almost $400m as indices rebalance

NZ market turns over almost $400m as indices rebalance
“Clearly the big data this week was the Fed's pause,” Sullivan said.(Image: Getty)
Ella Somers
New Zealand’s sharemarket turned over more than $300 million on Friday as the S&P/NZX indices rebalanced – as a result of its June quarterly review.The S&P/NZX 50 Index rose 112.59 points, or 1%, to 11,800.04. Turnover on the entire market was $380.8m with 85 stocks rising and 46 falling.Hamilton Hindin Greene investment advisor Jeremy Sullivan said it had been another quiet news day on the market as investors digested this week’s economic data.“Clearly the big data this week was the Fed's pause,”...

More Markets

NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Tom Raynel 09 May 2025
Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 09 May 2025
Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025