NZ sharemarket lifts after positive news from the US

NZ sharemarket lifts after positive news from the US
The NZ sharemarket followed Wall Street today. (Image: Getty)
Graham Skellern
Spurred by Wall Street, the New Zealand sharemarket rebounded nearly one percent, and Hallenstein Glasson reached a 12-month high on the likelihood that it will be included in the NZX top 50.After two down days, the S&P/NZX 50 Index ended the week with a gain of 101.62 points or 0.85% to 12,019.84. The index has now risen 4.6% for the year so far.There were 85 gainers and 45 decliners over the whole market on improved volume of 49.31 million shares worth $157.91m.Clothing retailer Hallenstein Glasson surged 41c or 7.02% to $6.25 - it was at...

More Markets

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025
Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Staff reporters 02 Jul 2025