NZ shares edge higher; Infratil, Gentrack rally on index inclusions

NZ shares edge higher; Infratil, Gentrack rally on index inclusions
Across the main board, 59 stocks rose, 92 fell and 28 were unchanged. (Image: Getty)
Paul McBeth
New Zealand shares bucked the trend across Asia as they edged higher, with Gentrack and Infratil among the leaders having been added to an Australian index, meaning passive investors will have to track the local companies.The S&P/NZX 50 Index increased 6.11 points, or 0.1%, to 12,621.62. Across the main board, 59 stocks rose, 92 fell and 28 were unchanged. Turnover was $86.7 million, less than the $137m daily average traded through August.The local market outperformed many of its peers across Asia, clawing back earlier losses on fears about...

More Markets

NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Tom Raynel 09 May 2025
Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 09 May 2025
Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025