NZ sharemarket drops for seventh time in eight days

NZ sharemarket drops for seventh time in eight days
There were 80 gainers and 63 decliners on the main board. (Image: NZME)
Graham Skellern
The New Zealand sharemarket fell for the seventh time in eight trading days, but Heartland Bank livened things up with expansion plans in Australia.The S&P/NZX 50 Index rose momentarily at lunchtime but closed down 38.64 points or 0.32% to 11,973.59. Over those eight days, the falls were mainly small, with the index down by 0.77%.There were 80 gainers and 63 decliners on the main board, with 26.94 million shares worth $97.98m changing hands.David McConnochie, investment adviser with Forsyth Barr, said the local market was in “wait and...

More Markets

ComCom cold on Manawa takeover
Markets

ComCom cold on Manawa takeover

Regulator worries about market concentration.

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025