NZ sharemarket closes week with near 0.5% gain

NZ sharemarket closes week with near 0.5% gain
(Image: Getty)
Graham Skellern
The New Zealand sharemarket closed the see-sawing week with a gain of nearly half a percent as it looked positively ahead to the latest financial reporting season.The S&P/NZX 50 Index rose from a morning low of 11,857.85 to finish at 11,938.84, up 51.08 points or 0.43%. The index also gained the same amount for the week after the previous four days of ups and downs cancelled each other out. The index has now risen more than 4.2% so far this year.There were 66 gainers and 61 decliners over the whole market on volumes of 37.88 million sh...

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