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

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Eden Bradfield 26 Jul 2025
Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025