NZ sharemarket ends first day of summer on a positive note

NZ sharemarket ends first day of summer on a positive note
(Image: Getty)
Graham Skellern
The New Zealand sharemarket finished the week on a positive note, though it didn’t get whipped up by the optimism and some new highs on Wall Street.The S&P/NZX 50 Index closed at 11,367.51, up 37.31 points or 0.33%, after reaching an intraday low of 11,3207.05. The index gained 1.% for the week and is now down 1.1% for the year. There were 69 gainers and 57 decliners over the whole market on light trading, with 20.74 million shares worth $77.67m changing hands.It was a solid November for the NZ market, with the gross index r...

More Markets

Mainfreight, China optimism drive stocks higher
Markets Market Close

Mainfreight, China optimism drive stocks higher

Optimism for a thaw in US-China trade relations gave the NZ sharemarket a positive lift.

Jamie Gray 02 May 2025
Manawa says Prime's latest default will not hurt the company further
Markets

Manawa says Prime's latest default will not hurt the company further

Manawa Energy says the regulators' move to stop a defaulting retailer from trading will have no further impact on its earnings.In August 2024, Manawa stated that an unnamed electricity retailer had defaulted on its payment obligations to Manawa.It was later revealed that this...

Ian Llewellyn 02 May 2025
'Well played, Don': Mainfreight shares spike 12%
Markets

'Well played, Don': Mainfreight shares spike 12%

The freight company expects its full-year results to exceed the market consensus.

Oliver Lewis 02 May 2025