NZ sharemarket continues see-sawing, down 0.5%

NZ sharemarket continues see-sawing, down 0.5%
Fisher and Paykel Healthcare led the market down. (Image: Getty)
Graham Skellern
One day up and the next day down. That’s been the story of the New Zealand sharemarket lately as it dipped more than 0.5%, while Mainfreight and Goodman Property Trust posted steady half-year results.It was all downhill from the opening for the S&P/NZX 50 Index and it closed at 12,674.49, down 74.87 points or 0.59%. There were 33.9 million share transactions worth $148.05m.'Recovery'Paul Robertshawe, chief investment officer with Octagon Asset Management, said NZ was decoupled from the United States markets and was driven...

More Markets

Fletcher finalises industry response to pipe problem
Infrastructure

Fletcher finalises industry response to pipe problem

Fletcher Building said today it had finalised an industry response to its Iplex pipes division issue.The building materials giant has faced a number of product quality complaints relating to a hot and cold water polybutylene pipe product it previously manufactured.Its proposed se...

Higher likelihood of record Fonterra milk price: BNZ
Primary Sector

Higher likelihood of record Fonterra milk price: BNZ

However, on-farm expenses have increased since the payout's last peak.

Trump-trading boosts NZX Bitcoin ETF volumes
Finance

Trump-trading boosts NZX Bitcoin ETF volumes

President-elect Donald Trump wants to make the US ‘the crypto capital of the planet’.

Mainfreight points to 'challenging' trading conditions
Markets

Mainfreight points to 'challenging' trading conditions

The global supply chain business' first-half profits dipped 8%.