NZ sharemarket down 0.5%, AIA down 2.5%

NZ sharemarket down 0.5%, AIA down 2.5%
In contrast, the ASX reached new heights. (Image: Getty)
Graham Skellern
The New Zealand sharemarket posted its fourth decline in five trading days, with Auckland International Airport falling nearly 2.5%, while the Australian benchmark index reached an all-time high.The S&P/NZX 50 Index was weaker in the afternoon and closed at 12,928.38, down 74.66 points or 0.57% after reaching an intraday low of 12,879.28.Volumes were again improved, with 30.9 million share transactions worth $127.14m.No need to hurryAcross the Tasman, the S&P/ASX 200 Index had risen 0.6% to 8,497.7 points (at 6pm NZ time), beating the p...

More Markets

NZ sharemarket braces for Trump's 'Liberation Day'
Markets Market Close

NZ sharemarket braces for Trump's 'Liberation Day'

The S&P/NZX 50 Index closed at 12,320.19, up 7.59 points or 0.062%.

Graham Skellern 02 Apr 2025
Westpac Bank’s Eckhold says April cut likely wrong move
Economy

Westpac Bank’s Eckhold says April cut likely wrong move

Economists are widely expecting a 25 bps rate cut next week. 

Rebecca Howard 02 Apr 2025
The simple strategy behind Dairyworks
Primary Sector

The simple strategy behind Dairyworks

Is New Zealand still fixated on the 1kg block of cheese?

Riley Kennedy 02 Apr 2025
Trump-era FX 'compounding' margin losses, analysts say
Retail

Trump-era FX 'compounding' margin losses, analysts say

"Liberation day" could make matters worse, says Kiwibank’s Kerr.

Gregor Thompson 02 Apr 2025