NZ sharemarket dips as global uncertainty intensifies

NZ sharemarket dips as global uncertainty intensifies
The weekend's events in Russia and Ukraine helped dampen the NZ sharemarket today. (Image: Getty)
Graham Skellern
The New Zealand sharemarket opened the week with a fall of nearly one percent on the back of weaker offshore trading and further uncertainty in the Russian-Ukraine deadlock.Following the brief rebellion by the Russian private military group Wagner, the S&P/NZX 50 Index fell at the opening and closed on 11,638.68, down 98.86 points or 0.84%. The index has now increased almost 1.5% so far this year.Trading was light with 22.23 million shares worth $81.57m changing hands, and there were 38 gainers and 90 decliners over the whole market. T...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025