NZ sharemarket bounces as energy stocks lift

NZ sharemarket bounces as energy stocks lift
There were 66 gainers and 57 decliners on the market today.
Graham Skellern
The New Zealand sharemarket bounced more than half a percent, led by a stronger energy sector, and Gentrack surged on a solid annual result and earnings upgrade.After a dull morning, the S&P/NZX 50 Index climbed steadily in the afternoon and closed at 11,237.38, up 81.59 points or 0.73%. The index reached an intraday low of 11,140.17 points.There were 66 gainers and 57 decliners over the whole market on increased volumes of 40.85 million share transactions worth $148.19m.Matt Goodson, managing director of Salt Funds Management, said the Aus...

More Markets

NZ sharemarket rallies, ends day up 0.6%
Markets Market Close

NZ sharemarket rallies, ends day up 0.6%

The S&P/NZX 50 Index closed at 12,989.18, up 83.2 points or 0.64%.

Graham Skellern 14 Feb 2025
Toy entrepreneur quashes spec of NZME takeover
Finance

Toy entrepreneur quashes spec of NZME takeover

Zuru founder Nick Mowbray says a report speculating he could take over private media company NZME is wrong. On Friday morning, The Australian’s Data Room said “some wealthy Kiwis” were plotting to do something about the state of New Zealand’s media industry and cited Mowbray as a...

Victoria Young 14 Feb 2025
Below-normal rainfall sees NZ hydro storage drop to 91%
Markets

Below-normal rainfall sees NZ hydro storage drop to 91%

Last month was the second-driest January on record.

Staff reporters 14 Feb 2025
Gentailers' earnings: Don't look back in anger
Markets

Gentailers' earnings: Don't look back in anger

Reporting season will be about the winter past and the winter to come.

Ian Llewellyn 14 Feb 2025