NZ sharemarket falls 0.1% as earnings roll on

The Reserve Bank of Australia cut rates. (Image: Getty)

Tue, 18 Feb 2025

Turners Automotive upgraded its earnings, Heartland Group took a near $50 million write-off and the New Zealand sharemarket was down slightly while interest rates were cut in Australia.The S&P/NZX 50 Index took a dive mid-afternoon and then recovered to close at 13,051.12, down 17.81 points or 0.14% after reaching an intraday high of 13,123.98.Volumes were strong, with 42.17m shares worth $237.16m changing hands.VolatilityMatt Goodson, managing director of Salt Funds Management, said the market has many moving parts, with a range of financi...

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