NZ sharemarket up 0.3% despite business confidence drop

(Image: Getty)

Tue, 07 Oct 2025

Led by resurgent retirement village stocks and Port of Tauranga, the New Zealand sharemarket made further gains despite a drop in business confidence.The S&P/NZX 50 Index traded strongly in the afternoon and closed at 13,531.29, up 42.05 points or 0.31% after reaching an intraday low of 13,438.48.There were 87 gainers and 51 decliners on the main board with 37.8 million shares worth $141.3m changing hands.Greg Smith, investment specialist at Generate, said interest rate cut fever was driving investor sentiment.“The quarterly...

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