NZ sharemarket rises as honeymaker shares turn sour

NZ sharemarket rises as honeymaker shares turn sour
There were 52 gainers and 78 decliners on the main board. (Image: Getty)
Graham Skellern
Manuka honey producer Comvita plunged to a 12-year low on the New Zealand sharemarket with an earnings downgrade, and SkyCity Entertainment was on the rise after achieving a regulatory settlement.The S&P/NZX 50 Index again went opposite to Wall Street and gained a healthy 44.68 points or 0.38% to 11,916.78 after a strong afternoon trading session.There were 52 gainers and 78 decliners on the main board, with 25.21 million shares worth $94.91m changing hands.The US markets were disappointed when Federal Reserve chair Jerome Powell said March...

More Markets

ASX: Energy, property drag Australian share market lower
Markets ASX wrap

ASX: Energy, property drag Australian share market lower

The benchmark S&P/ASX200 index on Wednesday finished 7.4 points lower.

AAP 7:25am
DealWatch: Big firms plan NZX exits
Markets DealWatch

DealWatch: Big firms plan NZX exits

A lot is going on for deal lawyers.

Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawarau are on track.

NZ sharemarket marches higher, up 6.4% this year
Markets Market close

NZ sharemarket marches higher, up 6.4% this year

The S&P/NZX 50 Index closed at 12,530.99, up 105.4 points or 0.85%.

Graham Skellern 24 Jul 2024