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

Beyond Meat rally tempts Kiwi traders
Markets

Beyond Meat rally tempts Kiwi traders

Meme stock mania puts Beyond among top traded stocks on Sharesies and Hatch.

Freightways outlook and Fonterra vote drive upbeat day
Markets Market Close

Freightways outlook and Fonterra vote drive upbeat day

Freightways shares climbed after Mark Troughear flagged easing economic headwinds.

Tom Raynel 30 Oct 2025
Me Today raises funds to be here tomorrow
Markets

Me Today raises funds to be here tomorrow

Shareholders have approved a capital raise of up to $2.59 million.

Greg Hurrell 30 Oct 2025