NZ sharemarket ends week down 0.8%

(Image: Getty)

Fri, 24 Jan 2025

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...

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