NZ sharemarket claws back to end the week up 0.5%

NZ sharemarket claws back to end the week up 0.5%
The S&P/NZX 50 Index closed at 12,754.26, up 61.54 points or 0.48%. (Image: NZME)
Graham Skellern
The New Zealand sharemarket ended the week positively while leading gentailers Contact and Mercury kept moving in different directions on rumours of MSCI global index changes.The S&P/NZX 50 Index had a strong afternoon finish and closed at 12,754.26, up 61.54 points or 0.48%, after reaching a morning low of 12,671.63. The index was down 0.4% for the week and has risen 8.5% for the year to date.There were 35.48 million share transactions worth $159.83m. 'A long way to go'Shane Solly, portfolio manager with Harbour Asset Man...

More Markets

NZ sharemarket dips despite strong US, Australian gains
Markets Market Close

NZ sharemarket dips despite strong US, Australian gains

The S&P/NZX 50 Index closed down 25 points or 0.19%.

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Auckland Airport irons out confusion over Govt review
Markets

Auckland Airport irons out confusion over Govt review

Shares were up yesterday after the announcement.