NZ stocks defy offshore trend to end stronger

NZ stocks defy offshore trend to end stronger
The US markets fell on ongoing uncertainty. (Image: NZME)
Jamie Gray
The New Zealand sharemarket defied bearish overseas trends to end firmly, despite two profit downgrades from leading names.The benchmark S&P/NZX 50 index ended at 12,067.92, up 56.57 points or 0.47%.There were 65 rises and 63 falls among the 41.6 million shares (worth $141.6m) traded.Global stocks had been mixed as investors digested strong bank earnings and monitored ongoing developments in the US-China trade war.Futures trading suggested the US was in for another down day after Nvidia announced a possible financial charge of US$5.5 billio...

More Markets

NZ sharemarket rises as Infratil, Spark drive gains
Markets Market close

NZ sharemarket rises as Infratil, Spark drive gains

New Zealand shares ended firmer after Infratil and Spark posted gains.

Jamie Gray 27 Jun 2025
Rua Gold secures funding to step up hunt for NZ gold
Markets

Rua Gold secures funding to step up hunt for NZ gold

The funds will be used to carry out exploration over the next 12 to 18 months.

John Anthony 27 Jun 2025
Former CBL CFO must pay $1.2m for disclosure breaches
Markets

Former CBL CFO must pay $1.2m for disclosure breaches

The case was a first for New Zealand courts, FMA says.

John Anthony 27 Jun 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025