NZ sharemarket down amid Bremworth coup, NZME stake

Trading was solid, with 48.19 million shares worth $178.52m changing hands. (Image: Getty)

Mon, 03 Mar 2025

Well-established carpet maker Bremworth is at the centre of an attempted board coup and The Warehouse continues to struggle as a cautious New Zealand sharemarket posted a near 0.5% fall. The S&P/NZX 50 Index was weak throughout the day and closed at 12,550.05, down 51.37 points or 0.41%. The index has fallen 4.3% for the year to date.Trading was solid, with 48.19 million shares worth $178.52m changing hands.'Threat of looming new US tariffs'Mark Lister, investment director with Craigs Investment Partners, said the local market...

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