NZ shares fall in shadow of Nvidia result

NZ shares fall in shadow of Nvidia result
The NZ sharemarket was down today as the local earnings season continued to weigh on prices. (Image: Getty)
Paul McBeth
New Zealand shares joined a global selloff as investors were disappointed by Nvidia’s strong result in the US, while more weak earnings at home added to the sombre mood.The S&P/NZX 50 Index dropped 116.99 points, or 0.9%, to 12,353.61. Across the main board, 101 stocks fell, 37 rose, and 41 were unchanged. Turnover was $123.9 million, with 11 companies trading on volumes of more than a million shares.Stock markets across Asia fell after chipmaker Nvidia’s more than doubling of sales and earnings in the June quarter failed to ins...

More Markets

The ‘crack cocaine’ of the stock market
Markets

The ‘crack cocaine’ of the stock market

Gamblers Anonymous meetings are filling up with people hooked on trading and betting.

The wildest, weirdest stock-market prices we’ve ever seen
Markets

The wildest, weirdest stock-market prices we’ve ever seen

Here’s a tour through history’s most entertaining price anomalies.

Light pre-Christmas trading for NZ sharemarket
Markets Market close

Light pre-Christmas trading for NZ sharemarket

The S&P/NZX 50 Index got into the festive spirit and closed at 13,074.74.

Graham Skellern 24 Dec 2024
NZ market cheerful as Christmas approaches
Markets

NZ market cheerful as Christmas approaches

The Index closed at 12,988.03, up 83.92 points or 0.65%

Graham Skellern 23 Dec 2024