NZ sharemarket up as Sanford rides the wave

NZ sharemarket up as Sanford rides the wave
Sanford rode its positive result to boost the NZ sharemarket. (Image: Sanford)
Tom Raynel
The New Zealand sharemarket was up on Thursday after shares in major companies, including Fonterra, Sanford, and Auckland Airport, performed strongly.The S&P/NZX 50 Index closed up 0.79% or 101.56 points, rising to 12,880.82. Thirty-one million shares changed hands, worth $108.8m.The S&P/NZX20 index closed at 7,627.15, up 0.76%, while the S&P/NZX10 index closed at 1,958.54, up 1.14%.There were 80 gainers on the main board and 49 decliners.Best in a decadeSanford's share price rose on Thursday following the news that it more...

More Markets

Fisher & Paykel Healthcare helps NZX up 1%
Markets Market Close

Fisher & Paykel Healthcare helps NZX up 1%

Skellerup Holdings shares rose 5.1%. 

Gregor Thompson 01 Jul 2025
Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Gregor Thompson 01 Jul 2025
Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

Pattrick Smellie 01 Jul 2025