NZ sharemarket edges higher despite KMD Brands loss, new RBNZ Governor Anna Breman

KMD Brands' profit fell sharply year-on-year, but investors were more focused on its outlook. (Image: Supplied)

Wed, 24 Sep 2025

The New Zealand sharemarket rose on Wednesday with a largely in-line result from KMD Brands, while investor attention was drawn to the announcement of the Reserve Bank of NZ’s new governor.The S&P/NZX 50 Index closed up 0.34% or 44.77 points, rising to 13,181.31 after 37.6 million shares worth $138.2m traded.The S&P/NZX 20 index closed at 7,585.83 points, up 0.31%, while the S&P/NZX 10 index ended the day at 12,705.89, rising 0.39%.There were 68 gainers and 68 decliners on the main board.Craigs Investment Partners investment d...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Finance

Treasury boss reiterates warning of surging fiscal pressures

Fiscal pressures in focus as ageing population drives retirement, health costs up.

Staff reporters 4:35pm

Economy

Annual advertised salary growth slows to 2%: Seek

Only a third of industries have advertised salaries growing faster than inflation.

John Anthony 3:45pm

Annual advertised salary growth slows to 2%: Seek

Services

2degrees earnings show cash momentum

Non-cash costs mask strong operating earnings and cashflow.

Pattrick Smellie 3:31pm

Sponsored

AI agents: opportunity or graveyard? Spark’s five-point playbook for success

Artificial intelligence agents – autonomous digital entities that analyse data, automate decisions, and act independently – are set to drive a new wave of business transformation.

Spark Enterprise

Sponsored