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

Thu, 03 Jul 2025

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...

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