NZ sharemarket lifts into positive territory for the year

NZ sharemarket lifts into positive territory for the year
The index had made a small 0.2% gain for the year to date. (Image: Getty)
Graham Skellern
The New Zealand sharemarket burst into positive territory for the year with a late rise, while the country’s biggest company, Fonterra, provided an encouraging trading update.The S&P/NZX 50 Index lacked commitment for most of the day, bouncing up and down. But in the last 45 minutes of trading, the index staged a half percent turnaround and closed at 11,496.61, up 33.12 points or 0.29%.It meant the index had made a small 0.2% gain for the year to date after starting the week 0.9% behind. The day before, the NZ market followed Australi...

More Markets

F&P Healthcare drop leads NZX lower, rural stocks show strength
Markets Market Close

F&P Healthcare drop leads NZX lower, rural stocks show strength

Rural services group PGG Wrightson rose 14c or 6.9% to $2.17. 

Jamie Gray 11 Jul 2025
Tait won’t up its offer for Vital ‘under any circumstances’
Markets

Tait won’t up its offer for Vital ‘under any circumstances’

Suitor says offer is ‘at the maximum’ of its assessment of target’s value.

Rebecca Howard 11 Jul 2025
Lights, camera, cashflow: Forsyth Barr upgrades Vista
Markets

Lights, camera, cashflow: Forsyth Barr upgrades Vista

Analysts also lifted their 12-month target price by 5% to $4.30.

Rebecca Howard 11 Jul 2025
Vital holder slams takeover valuation report
Markets

Vital holder slams takeover valuation report

Matt Goodson says the Grant Samuel report was ‘particularly uninformative’. 

Gregor Thompson 11 Jul 2025