NZ stocks slump in line with global markets

NZ stocks slump in line with global markets
(Image: Getty)
Graham Skellern
New Zealand joined other Asia Pacific markets with a sharp fall of nearly 1.5%, as the latest banking developments and support failed to calm investors’ nerves. The S&P/NZX 50 Index slipped gradually throughout the day and closed at 11,564.75, down 160.86 points or 1.37% – its biggest single-day fall in a month. The index is now only 0.8% for the year. There were 105 decliners and just 28 gainers over the whole market on light trading of 28.9 million share transactions worth $97.67m. David McConnochie, an investme...

More Markets

Lower bond yields lift NZ sharemarket
Markets Market Close

Lower bond yields lift NZ sharemarket

Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.

Jamie Gray 30 May 2025
Turbulent market slashes 2 Cheap Cars' profit
Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 30 May 2025
Pacific Edge launches $20m capital raise
Markets

Pacific Edge launches $20m capital raise

The raise will help the medtech company continue operations for another year.

Staff reporters 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025