NZ sharemarket up 0.1%, Fonterra hits $6 mark

The S&P/NZX 50 Index closed at 12,128.21, up 14.67 points or 0.12%. (Image: Getty)

Mon, 24 Mar 2025

The New Zealand sharemarket traded flat during a quieter day, but Fonterra Shareholders” Fund broke through the $6 mark for the first time in seven years on the back of a buoyant dairy sector.The S&P/NZX 50 Index opened stronger and reached a late morning high of 12,172.63 but turned down and closed at 12,128.21, up 14.67 points or 0.12%.Volumes were lighter with 28.93 million shares worth $98.1m changing hands.'Good for market sentiment'Mark Lister, investment director with Craigs Investment Partners, said, “We had a di...

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 with two clicks, an email or a phone call.
Find out more.

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 }}

On the Money

On the Money: Mark Mitchell, Rob Hewett, Amanda Luxon, and more

What a week! Somebody call the police, or maybe don't.

Dileepa Fonseka 5:00am

Opinion

Eden Bradfield: Yet another backdoor disappointment

The slow death of Being AI.

Eden Bradfield 5:00am

Technology

The iPhone Pocket is coming. Would you buy a $406 sock?

Promotional materials describe the offering as “singular.”

The Washington Post 5:00am

The iPhone Pocket is coming. Would you buy a $406 sock?

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

Sponsored

Spark’s partner strategy sets the bar for innovation

Spark

More Markets

Opinion

Eden Bradfield: Yet another backdoor disappointment

The slow death of Being AI.

Eden Bradfield 5:00am

Opinion

Simon Robertson: Bulls, bears and analysis …

Why price-to-earnings ratios don’t cut it.

Simon Robertson 5:00am

Markets Market Close

NZ stocks take Wall Street lead to end down 1%

The S&P/NZX 50 Index closed down 133.41 points or 0.98% at 13,464.46.

Jamie Gray 14 Nov 2025

Markets

Zoono says it knows no reason for share price surge, halt lifted

A trading halt granted by the ASX to Australian-listed New Zealand antimicrobials manufacturer Zoono on Wednesday after a price query has been lifted after the company said it knew of no reason for its share price soaring.Its share price rose from 0.09c to 0.18c on volumes much h...

Denise McNabb 14 Nov 2025

NZ sharemarket up 0.1%, Fonterra hits $6 mark

More Markets

Your company has a subscription

Team