NZX 50 down 0.4% as Israel-Iran conflict intensifies

NZX 50 down 0.4% as Israel-Iran conflict intensifies
Flames from a fire at the Tehran oil refinery, located south of the capital. (Image: AFP)
Gregor Thompson
New Zealand’s share market swung between gains and losses on Tuesday as escalating tensions in the Middle East rattled global investors and pushed futures lower. The benchmark S&P/NZX 50 Index crawled upward until around 2pm when it began reversing its gains, finishing the day down 0.4% on 12,639.35 points. Over 35.4 million shares were traded, amounting to $122.4m in value.After rising solidly overnight, Wall Street's gains on the S&P 500 futures were trading down 0.4% at 5 pm, following a tweet by United States Pre...

More Markets

Vital holder slams takeover valuation report
Markets

Vital holder slams takeover valuation report

Matt Goodson says the Grant Samuel report was ‘particularly uninformative’. 

Lights, camera, cashflow: Forsyth Barr upgrades Vista
Markets

Lights, camera, cashflow: Forsyth Barr upgrades Vista

Analysts also lifted their 12-month target price by 5% to $4.30.

NZ sharemarket steady as Australian regulator clears path for Fonterra consumer arm sale
Markets Market Close

NZ sharemarket steady as Australian regulator clears path for Fonterra consumer arm sale

The NZ sharemarket was flat while the Nasdaq hit another record hit in the US.

Tom Raynel 10 Jul 2025
Mercury seeks buyer for Are Media
Markets

Mercury seeks buyer for Are Media

Mercury bought the Bauer Media assets early in the covid pandemic.

Pattrick Smellie 10 Jul 2025