NZ sharemarket down as Mainfreight, utilities move

Mainfreight’s share price fell for the second day after the business reported a slow start to the 2026 financial year. (Image: Supplied)

Tom Raynel

Thu, 31 Jul 2025

The New Zealand sharemarket was down again on Thursday as high-valued Mainfreight's share price dropped for the second day while utility stocks had plenty of movement.On the main board, the S&P/NZX 50 Index closed down 0.25% or 32.23 points, falling to 12,823.74, after 35.3 million shares changed hands to the value of $153.8m.The S&P/NZX 20 index closed at 7503.77, down 0.45%, while the S&P/NZX 10 index ended the day at 12,522.19, falling 0.62%.There were 86 gainers on the main board and 53 decliners.Mainfreight was the big...

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