NZ sharemarket dips despite strong US, Australian gains

Fletcher Building ended 9c or 3.03% higher at $3.06. (Image: Supplied)

Fri, 18 Jul 2025

New Zealand’s sharemarket ignored strong United States and Australian markets to end weaker after a quiet day’s trade.The S&P/NZX 50 Index closed down 25 points or 0.19% at 12,880.40, with 39.9 million shares worth $161m trading.There were 81 rises and 58 falls on the main board.US stocks continued their march higher, the Nasdaq and the S&P 500 reaching new record highs.The Nasdaq advanced 153.78 points or 0.7% to 20,884.27, and the S&P 500 climbed 33.66 points or 0.5% to 6,297.36.Prices robust abroadStrength on Wall Str...

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