NZ sharemarket starts week down 0.2%

(Image: Getty)

Mon, 10 Feb 2025

The New Zealand sharemarket drifted on the eve of the latest reporting season, while Millennium & Copthorne Hotels NZ independent directors have rejected a takeover offer.The S&P/NZX 50 Index fell to a morning low of 12,818.44 before recovering in the afternoon and closing at 12,876.35, down 25.84 points or 0.2%.Trading was solid, with 31.6 million shares worth $110.4m changing hands.'A slew of information'Jeremy Sullivan, an investment adviser with Hamilton Hindin Greene, said the United States markets were softer following a m...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

World

India’s timid economic reforms

Modi tinkers with the rules, but the country needs a free-market overhaul.

The Wall Street Journal 5:00am

Culture

BusinessDesk's top theatre and music reviews from 2025

Black Grace's energy, Metallica's thunder, Shakespeare's top heartbreaker.

BusinessDesk 5:00am

BusinessDesk's top theatre and music reviews from 2025

Technology Best of BD Reviews

Best of BusinessDesk: Top tech reviews from 2025

Two keyboards, a TV glow-up and some vacuums.

Jacques Steenkamp 17 Jan 2026

Best of BusinessDesk: Top tech reviews from 2025

Sponsored

Generative AI will disrupt 90% of jobs - what it means for the future of work

Here’s what that means for the future of work in New Zealand.

Cognizant

Sponsored

AI is only as good as its data foundation

NZ leaders explain why clean, connected data drives AI value.

Cognizant

More Markets

Markets Market Close

NZ sharemarket up 1.3% for the year

The S&P/NZX 50 Index closed at 13,718.1, up 58.31 points or 0.43%.

Graham Skellern 16 Jan 2026

Markets

Ryman Healthcare’s guidance is achievable – analysts

Dual-listed Ryman Healthcare delivered a solid third-quarter trading update, and its guidance is “achievable”, said Forsyth Barr analysts.Earlier this week, it reported 375 total sales in 3Q26, up +2% quarter-on-quarter and down 5% year-on-year.There were 101 new sales and 274 re...

Rebecca Howard 16 Jan 2026