NZ sharemarket dips in wake of govt announcements

NZ sharemarket dips in wake of govt announcements
Kathmandu shares had a bad day on the NZX. (Image: Kathmandu)
Graham Skellern
The New Zealand sharemarket had a late fall, unable to be inspired by the half-year economic update and mini-budget that lacked Christmas cheer.The S&P/NZX 50 Index seemed to be heading towards its third flat day in four till the matching session and closed at 11,579.8, down 37.57 points or 0.32%.  There were 80 gainers and 45 decliners over the whole market on volumes of 326.34 million share transactions worth $95.09m.Greg Smith, head of retail at Devon Funds Management, said there weren't a lot of surprises in the mini-budget. &l...

More Markets

Crimson big enough for ASX IPO: Beaton
Finance

Crimson big enough for ASX IPO: Beaton

A US market listing at a greater scale looks more likely.

Analysts upbeat about Xero's upcoming 1H report
Markets

Analysts upbeat about Xero's upcoming 1H report

1H net profit is seen around $104m versus $52.5m in the prior period. 

Calm before the storm: NZ sharemarket up 0.5%
Finance Market close

Calm before the storm: NZ sharemarket up 0.5%

'Markets are distracted', said ForBarr's Peter Sigley.

Gregor Thompson 05 Nov 2024
KPMG to lay off 4% of its US audit workforce
Finance

KPMG to lay off 4% of its US audit workforce

About 330 people in the US audit business to lose their jobs.