NZ sharemarket breaks seven days of declines

NZ sharemarket breaks seven days of declines
The NZ market followed Wall St's lead. (Image: Getty)
Graham Skellern
The New Zealand sharemarket had a welcome gain as stocks on Wall Street rebounded strongly, and business confidence picked up locally.The S&P/NZX 50 Index did have a late fall and closed at 10,757.69, up 16.12 points or 0.15% and stemming seven successive days of falls.The index had fallen into correction territory, declining more than 10% from the July 31 high of 12,056.15. The market is down 6.1% for the year to date.There were 63 gainers and 71 decliners over the whole market on improved volumes of 31.11 million share transactions worth...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025