NZ sharemarket rises ahead of interest rate decision

NZ sharemarket rises ahead of interest rate decision
There were 35.03 million share transactions worth $148.06m. (Image: Getty)
Graham Skellern
The New Zealand sharemarket made a small gain as it waited for a pivotal interest rate decision by the Reserve Bank next week.The S&P/NZX 50 Index recovered from a morning fall and closed at 12,765.24, up 28.18 points or 0.22%. There were 35.03 million share transactions worth $148.06m.Greg Smith, head of retail with Devon Funds Management, said “globally we’ve seen more hawkish views on interest rate reductions as inflation has picked up”.“It’s taken a little bit of wind out of the sails of central banks&rsquo...

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