NZ sharemarket rises with gentailers leading after Contact-Manawa deal

NZ sharemarket rises with gentailers leading after Contact-Manawa deal
NZ sharemarket sparked on Friday on electricity takeover approval. (Image: Getty)
Tom Raynel
The New Zealand sharemarket closed on Friday with electricity gentailers leading the positive momentum.The S&P/NZX 50 Index closed up 1.11% or 138.04 points, rising to 12,605.07, with 41,673,190 shares changing hands to the value of $151 million.The S&P/NZX20 index closed at 7,471.87, up 1.16%, while the S&P/NZX10 index closed at 1,911.09, up 1.38%.There were 97 gainers on the main board and 41 decliners.Contact-Manawa dealGentailers across the board had the most movement on Friday after Contact Energy was given the green light to a...

More Markets

Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 09 May 2025
Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025
Why this firm wants to be the waste king of the north
Retail The Small Cap Wrap

Why this firm wants to be the waste king of the north

Plus, New Talisman's success spurns auditor, Esquires to India, and more.