NZ sharemarket down 0.1% on inflation news

NZ sharemarket down 0.1% on inflation news
There were 22.4 million share transactions worth $94.14m. (Image: Getty)
Graham Skellern
The New Zealand sharemarket posted a small loss as inflation remained under control, prompting renewed calls for a big interest rate cut next month.The S&P/NZX 50 Index had a late dip and closed at 13,019.83, down 15.76 points or 0.12%. There were 22.4 million share transactions worth $94.14m.The December quarter Consumers Price Index showed inflation was running at 2.2% – the second consecutive quarter that annual inflation has been within the Reserve Bank of NZ’s (RBNZ) target of 1-3%. It was slightly higher than the RBNZ...

More Markets

NZ sharemarket ends short week up 0.4%
Markets Market Close

NZ sharemarket ends short week up 0.4%

The S&P/NZX 50 Index closed at 12,902.19, up 57.6 points or 0.45%.

Graham Skellern 07 Feb 2025
Updated: Manawa shares sag with Contact deal odds
Finance

Updated: Manawa shares sag with Contact deal odds

Forsyth Barr analysts said chances are now 50/50. 

Pattrick Smellie 07 Feb 2025
Updated: Fletcher says no change to NZICC date
Markets

Updated: Fletcher says no change to NZICC date

Both SkyCity and Fletcher Building say they are not to blame for the NZICC delay.

Dileepa Fonseka 07 Feb 2025