NZ sharemarket flat amid international turmoil

NZ sharemarket flat amid international turmoil
There were 89 gainers and 52 decliners over the whole market. (Image: Getty)
Graham Skellern
The New Zealand sharemarket opened the week on a flat note, and heavyweight Mainfreight was pegged back on profit-taking after a strong run.The S&P/NZX 50 Index recovered from a morning fall to 12,043.18 and closed at 12,123.14, down 11.83 points or 0.10%.There were 89 gainers and 52 decliners over the whole market on volumes of 39.01 million share transactions worth $92.26m.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said the profit-taking in Mainfreight and Infratil weighed the market down, with Mainfreight having ris...

More Markets

NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...