NZ sharemarket dips on low volumes as Aust market moves up on inflation news

NZ sharemarket dips on low volumes as Aust market moves up on inflation news
The Aust reserve bank held rates and equities investors cheered. (Image: Getty)
Graham Skellern
The New Zealand sharemarket retreated more than half a percent on light trading as the Reserve Bank of Australia kept its official cash rate unchanged for the second straight month.The S&P/NZX 50 Index fell at the opening and never recovered, giving up two-thirds of its gain the day before and closing at 11,980.41 – down 75.74 points or 0.63% after increasing 0.92% on Monday.There were 56 gainers and 77 decliners over the whole market, with 21.95 million shares worth $64.76m changing hands.The Australian Reserve Bank held its rate at...

More Markets

Gentrack leads NZ sharemarket down almost 1%
Markets Market Close

Gentrack leads NZ sharemarket down almost 1%

The S&P/NZX 50 Index closed at 12,225.28, down 113.29 points or 0.92%.

Graham Skellern 04 Apr 2025
Takeovers Panel will meet on NZME issue
Markets

Takeovers Panel will meet on NZME issue

The panel said in a media release today it had met on the issue of Grenon’s shareholding.

Staff reporters 04 Apr 2025
Asian stocks extend global rout
Markets

Asian stocks extend global rout

Tokyo shares fall as Trump predicts a coming US boom.

AFP 04 Apr 2025