NZ sharemarket hits six-week low

NZ sharemarket hits six-week low
Fletcher Building surged 25.3c or 9.18% to $3.01 after completing its $593m capital raising. (Image: Getty)
Graham Skellern
The New Zealand sharemarket slipped to a six-week low as investors sold blue-chip stocks Fisher and Paykel Healthcare and Ebos to help fund Fletcher Building’s big capital raise.The S&P/NZX 50 began falling at lunchtime and closed at 12,303.99, down 100.18 points or 0.81% after reaching an intraday high of 12,424.8. The index was at 12,319.06 points on Aug 13.Trading was heavy, with volumes of 65.1m million share transactions worth $212.66m.Fletcher Building surged 25.3c or 9.18% to $3.01 after completing its $593m capital raising fro...

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