NZ sharemarket down while Kiwi Property Group secures key renewal

NZ sharemarket down while Kiwi Property Group secures key renewal
Kiwi Property Group has secured a key lease renewal in Auckland's Wynyard Quarter, although the NZ sharemarket still fell across the day. (Image: NZME)
Tom Raynel
The NZ sharemarket fell on Thursday despite a strong rally from large-cap stocks Ryman Healthcare and Kiwi Property Group.The S&P/NZX 50 Index closed down 0.62% or 79.81 points, falling to 12,704.48, with 28,158,161 shares worth $98.36 million traded.The S&P/NZX 20 index closed at 7,447.61, down 0.63%, while the S&P/NZX 10 index ended the day at 1,893.63, a fall of 1.06%.There were 73 gainers and 53 decliners on the main board.Random flowsSalt Funds Management managing director Matt Goodson said that while the market has had a reaso...

More Markets

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025