NZ sharemarket ends week down 0.8%

NZ sharemarket ends week down 0.8%
(Image: Getty)
Graham Skellern
Synlait Milk rose nearly 20% after indicating a return to profitability as the New Zealand sharemarket drifted to a small decline on light trading.The S&P/NZX 50 Index had a short rise early afternoon to 13,072.69 and closed at 13,024.7, down 35.38 points or 0.27%. The index finished the week with a fall of 0.8% and is down more than 0.2% for the year.Volumes on the day before Auckland Anniversary Weekend were light, with 23.78 million shares worth $75.45m changing hands.Matt Goodson, managing director of Salt Funds Management, said the mar...

More Markets

Being AI vs Clare Capital: $150k settlement reached
Markets

Being AI vs Clare Capital: $150k settlement reached

Being AI filed defamation proceedings against Clare Capital and its directors in April.

Akaroa King Salmon boss steps down after 23 years
Primary Sector

Akaroa King Salmon boss steps down after 23 years

Scotsman Stewart Hawthorn takes over from Duncan Bates as Akaroa King Salmon CEO.

Blair Turnbull named CEO of Milford Asset Management
Markets

Blair Turnbull named CEO of Milford Asset Management

Blair Turnbull is set to take the helm as chief executive of Milford Asset Management from March 12.Turnbull, currently CEO of Tower, replaces Mark Ryland. “As we welcome Blair to Milford, we extend our appreciation to Mark Ryland, who will step down as CEO on Blair’s commencemen...

Synlait Milk expecting to return to profitability
Primary Sector

Synlait Milk expecting to return to profitability

Last year, the dairy processor reported a net loss of $182.1m.