NZ sharemarket ends up 0.6% after jobs data

NZ sharemarket ends up 0.6% after jobs data
Manawa Energy shares rose 27.63% today after its merger with Contact Energy was approved. (Image: NZME)
Jamie Gray
New Zealand share prices ended firm on the back of takeover activity and better-than-expected unemployment data.The S&P/NZX50 index ended 75.8 points or 0.6% higher at 12,496.89.There were 79 rises and 58 falls among the 44.2 million shares worth $144.1m traded.Takeover target Manawa gained $1.34 or 27.6% to close at $6.19 after the Commerce Commission approved its merger with Contact Energy, which fell 15c to $8.99.'Not too bad'Unemployment remained unchanged at 5.1% in the March quarter, a touch lower than market expectations.Howe...

More Markets

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Eden Bradfield 26 Jul 2025
Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025