NZ sharemarket flat despite Skellerup's record half-year earnings

(Image: Getty)

Thu, 13 Feb 2025

Ever-steady Skellerup Holdings produced record half-year earnings and an increased dividend while the New Zealand sharemarket finished flat.The S&P/NZX 50 Index was weaker in the afternoon and closed at 12,905.98, down 7.97 points or 0.062% after reaching an intraday high of 12,927.05.There were 33 million share transactions worth $134.88m.Wall Street was weaker after the January US consumer price index (CPI) increased 0.5%, putting annual inflation at 3% – higher than the forecasts of 0.3% and 2.9%, respectively. Federal Reserve...

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