NZ sharemarket ends lower and oil prices spike after Israel strike on Iran

NZ sharemarket ends lower and oil prices spike after Israel strike on Iran
Brent crude oil prices jumped by 5% to US$72.22 a barrel. (Image: Getty)
Jamie Gray
New Zealand’s sharemarket ended lower after Israel’s strike on Iran prompted a sell-off on major markets and a spike in oil prices.The S&P/NZX50 Index ended 96.23 points or down 0.76% at 12,552.87, with 32.8 million shares, worth $148.7mThere were 46 gainers and 92 decliners on the main board.Australian, Hong Kong and Japanese share markets were all down after the attack, which followed months of tension over Tehran’s advancing nuclear programme.Late in the NZ trading day, futures market pricing pointed to a 1.7% fall on W...

More Markets

NZ sharemarket down as Mainfreight, utilities move
Markets Market Close

NZ sharemarket down as Mainfreight, utilities move

Utility shares had significant movement, with Infratil shedding 37c.

Craigs downgrades Mainfreight to ‘neutral’
Markets

Craigs downgrades Mainfreight to ‘neutral’

It follows the company saying it had a rough start to the year.

Chatham Rock Phosphate draws auditor concern, director ups stake
Markets

Chatham Rock Phosphate draws auditor concern, director ups stake

A director ups his stake in Chatham Rock Phosphate as auditors express concern.

Kiwibank's $500m capital hike fails to inspire
Markets

Kiwibank's $500m capital hike fails to inspire

Capital raise plans designed to help the bank grab market share from its Aussie rivals.