NZ sharemarket suffers from ex-dividend blues

NZ sharemarket suffers from ex-dividend blues
The NZX50, what went up, quickly went down. (Image: Getty)
Graham Skellern
The New Zealand sharemarket had another fall, dragged down by several leading stocks going ex-dividend. Its welcome half percent gain the day before was short-lived. The S&P/NZX 50 Index was on a gradual slide and closed at 11,313.53, down 43.58 points or 0.38%. The index has fallen on 10 of the last 12 trading days. There were 61 gainers and 64 decliners over the whole market on volumes of 29.34 million share transactions worth $103.52m. David McConnochie, investment adviser with Forsyth Barr, said it was another heavy day f...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025