NZ sharemarket rises on back of positive news

NZ sharemarket rises on back of positive news
The NZ sharemarket rose to its highest close in nearly two years and posted the biggest single-day gain in six weeks. (Image: Getty)
Graham Skellern
An upbeat a2 Milk, providing an earnings upgrade and a welcome dividend, spurred the New Zealand sharemarket to its highest close in nearly two years.The S&P/NZX 50 Index began a steep climb at midday and broke through the 13,000 mark after closing at 13,041.9, rising 276.66 points or 2.17%. The index gained nearly 2.8% for the week and is up more than 11% for the year.It was the highest close since Jan 5, 2022 when the index reached 13,150.38. It was also the biggest single-day gain in six weeks, with the index rising 310 points or 2.68% o...

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