NZ sharemarket reacts positively to GDP news

(Image: NZME)

Thu, 20 Mar 2025

The New Zealand sharemarket greeted the higher-than-expected growth in gross domestic product (GDP) with a roller-coaster ride – its rebound stymied by a large trade in Channel Infrastructure.The S&P/NZX 50 Index climbed to an intraday high of 12,133.54 after news that December quarter GDP rose 0.7%, ahead of forecasts of between 0.3-0.5%, meaning the country has come out of the recession.The index steadied when the sale of 52.95 million Channel shares worth $97.46m was notified and closed at 12,054.72, up 8.79 points or 0.073%. There...

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