NZ sharemarket flat as Auckland Airport share sales take off

NZ sharemarket flat as Auckland Airport share sales take off
There was almost $3b worth of AIA share trading. (Image: Getty)
Graham Skellern
The heavy trading in Auckland International Airport shares captured the attention of the New Zealand sharemarket, while the other stocks had a reasonably quiet day.The S&P/NZX 50 Index traded in a range of 12,866.55 and 12,932.33 and closed at 12,896.95, up 0.28 points or 0.0022%.Auckland International Airport jumped 19.5c or 2.41% to $8.27 following strong demand for its block of 163.23 million shares or 9.71% shareholding, offered by Auckland Council through its Future Funds trustees.The on-market sale was handled by UBS NZ, which bo...

More Markets

NZ sharemarket dips despite strong US, Australian gains
Markets Market Close

NZ sharemarket dips despite strong US, Australian gains

The S&P/NZX 50 Index closed down 25 points or 0.19%.

Jamie Gray 18 Jul 2025
Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Staff reporters 18 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Auckland Airport irons out confusion over Govt review
Markets

Auckland Airport irons out confusion over Govt review

Shares were up yesterday after the announcement. 

Gregor Thompson 18 Jul 2025