NZ sharemarket down 0.2% as Trump retakes office

NZ sharemarket down 0.2% as Trump retakes office
Shares worth $82.05m changed hands. (Image: NZME)
Graham Skellern
President Donald Trump’s renewed tariff threats on his inauguration day rattled Fisher and Paykel Healthcare while the New Zealand sharemarket lacked any real direction.The S&P/NZX 50 Index wavered between an intraday low of 13,019.23 and a high of 13,127.79 before closing at 13.052.9, down 35.41 points or 0.27%.It was another quiet trading day, with 17.95 million shares worth $82.05m changing hands.'Sensitive'Trump said he was thinking of 25% tariffs on Mexico and Canada from Feb 1 because of their border policies as he signe...

More Markets

NZ sharemarket changes direction, up 1.1%
Markets Market Close

NZ sharemarket changes direction, up 1.1%

The S&P/NZX 50 Index closed at 12,452.46, up 145.19 points or 1.18%.

Graham Skellern 26 Feb 2025
Michael Hill International CEO Daniel Bracken dies
Retail

Michael Hill International CEO Daniel Bracken dies

Bracken had overseen the acquisition of the Bevilles brand. 

Staff reporters 26 Feb 2025
Meridian hopes history never repeats
Markets

Meridian hopes history never repeats

Result packed with 'drama and some intrigue'.

Ian Llewellyn 26 Feb 2025
Vector boss Simon Mackenzie to stand down
Markets

Vector boss Simon Mackenzie to stand down

Veteran Vector boss Simon Mackenzie to stand down at the end of June.Mackenzie has been at the helm since 2008 and held a number of different roles before becoming chief executive. He said the time was right to hand over Vector, with the company in a strong position.The New Zeala...

Ian Llewellyn 26 Feb 2025