NZ shares flat as global tensions rise over potential Iran strike by Israel

Oil prices spiked on Thursday after reports that Israel is eyeing a strike on Iran. (Photo: Getty)

Thu, 12 Jun 2025

The NZ sharemarket was flat on Thursday as investors looked overseas with concern after reports that Israel is considering a strike on Iran, affecting oil prices.The S&P/NZX 50 Index closed up 0.34% or 43.17 points, rising to 12,649.10, with 36 million shares changing hands to the value of $123m.The S&P/NZX 20 index closed at 7,446.67, up 0.23%, while the S&P/NZX 10 index ended the day at 1,900.99, a rise of 0.35%.There were 71 gainers and 64 decliners on the main board.'Overarching backdrop'Salt Funds Management managing di...

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