NZ sharemarket down, Oz and US stocks climb

NZ sharemarket down, Oz and US stocks climb
There was an even spread of 71 gainers and 67 decliners over the whole market. (Image: Getty)
Graham Skellern
Australian and United States stocks continued to climb but an uncertain New Zealand sharemarket shed nearly 0.5% as it looked ahead to next week’s decisive Reserve Bank of NZ meeting.After a solid morning, the S&P/NZX 50 Index slipped in the afternoon and closed at 11,746.66, down 44.26 points or 0.38%. The index reached an intraday high of 11,8918.31 points.There was an even spread of 71 gainers and 67 decliners over the whole market on light trading of 27.66 million shares worth $77.91m.Across the Tasman, the S&P/ASX 200 Index h...

More Markets

NZ sharemarket dips despite strong US, Australian gains
Markets Market Close

NZ sharemarket dips despite strong US, Australian gains

The S&P/NZX 50 Index closed down 25 points or 0.19%.

Jamie Gray 18 Jul 2025
Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Staff reporters 18 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.