NZ sharemarket close to wiping out its deficit for the year

NZ sharemarket close to wiping out its deficit for the year
Not quite a bull market but climbing closer to positive territory. (Image: Getty)
Graham Skellern
The New Zealand sharemarket is close to wiping out its deficit for the year after rising nearly 1%, while Synlait Milk hit an all-time low.After a strong opening in Australia, the S&P/NZX 50 Index kicked into gear at lunchtime and closed at 11,463.49, up 106.5 points or 0.94%.The index began the week 0.9% down for the year and is now just 0.06% from entering positive territory.The NZX index is having its sixth successive week of gains and has made ground in five of the last six quarters, apart from the three months ending September.There we...

More Markets

ComCom cold on Manawa takeover
Markets

ComCom cold on Manawa takeover

Regulator worries about market concentration.

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025