NZ sharemarket rallies past 13,000 points after Reserve Bank rate cut

Spark's share price lifted after a result in line with analyst expectations. (Image: NZME)

Wed, 20 Aug 2025

The New Zealand sharemarket rallied strongly on Wednesday after the Reserve Bank’s Official Cash Rate cut.The benchmark index broke through the 13,000 point barrier for the first time since February as results from Fletcher Building and Spark received mixed market reactions.On the main board, the S&P/NZX 50 Index closed up 1.10% or 142.62 points, rising to 13,071, after 55.6 million shares worth $208.85m changed hands.The S&P/NZX 20 index closed at 7669.12 points, up 1.16%, while the S&P/NZX 10 index ended the day at 12,802.63...

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