NZ shares fall as Air NZ shares and rights slip

NZ shares fall as Air NZ shares and rights slip
Dan Brunskill
New Zealand's benchmark share index dipped lower on Wednesday as investors sold Air New Zealand shares and rights in high volumes.The S&P/NZX 50 Index fell 42.08 points, or 0.4%, to 12,079.30. Turnover was $188 million.Air NZ was the most traded stock by volume with more than 12m shares changing hands, with Air NZ rights coming just behind with 10.3m shares traded.Most retail investors received their rights this morning and were able to trade or exercise them for the first time today.The rights – which trade under the ticker AIRRG...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025