NZ shares fall as Eroad near all-time low

NZ shares fall as Eroad near all-time low
Eroad had a second day as the index’s biggest decliner. (Image: Eroad)
Dan Brunskill
New Zealand's sharemarket declined on Wednesday, with fleet management company Eroad falling to just 10 cents above its all-time lowest share price.The S&P/NZX 50 Index fell 22 points, or 0.2%, to 10,678.66. Turnover was $143.9 million.Eroad had a second day as the index’s biggest decliner, falling more than 5% to $1.57 and bringing its decline over the past year to almost 75%.The stock traded as low as $1.56 today, which is only just above its lowest ever trade, which was at $1.45 in October 2016. Eroad listed at $3.52 in 2014 an...

More Markets

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.

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. 

NZX ends half year down 3.6%
Markets Market Close

NZX ends half year down 3.6%

"We’ve continued to lag relative to other markets," analyst says.

Gregor Thompson 30 Jun 2025