NZ sharemarket ends roller coaster of a year in positive territory

The NZX finished “a roller coaster” year with a 2.6% gain. (Image: NZME)

Fri, 29 Dec 2023

The New Zealand sharemarket finished “a roller coaster” year with a 2.6% gain after seeing in the New Year on a flat note.The S&P/NZX 50 Index had a bumpy half-day trading session and closed at 11,770.49, up 1.81 points or 0.02% after reaching an intraday low of 11,745.1.There were 71 gainers and 48 decliners over the whole market on light volumes of 12.89 million share transactions worth $27.67m.The NZX top 50 index had its fifth worst 12 months in 15 years. The global financial crisis in 2008 sent the market down 32.8%. Since...

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.

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 }}

Markets Market Close

NZX sharemarket flat, up 0.02%

The S&P/NZX 50 Index closed at 13,486.32, up 2.3 points or 0.02%.

Graham Skellern 6:10pm

Infrastructure

Fulton Hogan shareholders exposed in cyber breach

The company has closed its shareholder portal as attackers access password database.

Thomas Manch 10:15am

Fulton Hogan shareholders exposed in cyber breach

The Quiz Free

QuiznessDesk, Monday, Dec 08

Hungry for some trivia?

The Quizmaster 9:15am

Sponsored

Journey to AI success starts with modern foundations

Strong tech, data and security foundations make AI succeed.

Cognizant

Sponsored

Building the foundations for AI success: Practical insights from New Zealand leaders

NZ leaders reveal how to build AI that delivers real value.

Cognizant

More Markets

Markets Market Close

NZX sharemarket flat, up 0.02%

The S&P/NZX 50 Index closed at 13,486.32, up 2.3 points or 0.02%.

Graham Skellern 6:10pm

Markets

Tourism Holdings to close Brisbane RV factory, cut 110 roles

Tourism Holdings will close its recreational-vehicle manufacturing plant in Brisbane on Dec 19 and consolidate all production at Action Manufacturing in Hamilton after a review of its Australasian operations.The move will cut about 110 frontline and support roles in Australia.Chi...

Staff reporters 5:43pm