NZ sharemarket down 0.5% amid PGW shuffle

PGG Wrightson went into a trading halt after the independent chair, Garry Moore, and deputy chair, Sarah Brown, were ousted at the annual meeting. (Image: Getty)

Graham Skellern

Tue, 14 Oct 2025

Longstanding rural services company PGG Wrightson had a surprise boardroom upheaval as the New Zealand sharemarket slipped for the third day running.The S&P/NZX 50 Index ignored a strong bounce-back on Wall Street and closed at 13,276.99, down 74.93 points or 0.56%. The index has fallen 2.18% over the last three trading days, and is now 1.3% ahead for the year.There were 70 gainers and 69 decliners on the main board on volumes of 45.5 million share transactions worth $137.9m.The US markets recovered more than half of their previous losses a...

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