NZX blue chip stocks off the boil after a poor reporting season

NZX blue chip stocks off the boil after a poor reporting season
The housing market continues to be a sticking point for real estate-influenced stocks. (Image: Supplied)
Graham Skellern
The New Zealand sharemarket took an end-of-the-week breather after a strong start to the month, with leading blue-chip stocks coming off the boil.The S&P/NZX 50 Index fell in the morning, traded steadily in the afternoon and then had a late rise in the matching session (on portfolio rebalancing) to close at 12,832.55, up 12.27 points or 0.10%.The index gained more than 1.3% for the week, 2.6% for the month so far and has increased 8.6% for the year.There were 78 gainers and 62 decliners on the main board with 38.11 million shares worth $148...

More Markets

NZ sharemarket dips despite strong US, Australian gains
Markets Market Close

NZ sharemarket dips despite strong US, Australian gains

The S&P/NZX 50 Index closed down 25 points or 0.19%.

Jamie Gray 18 Jul 2025
Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Staff reporters 18 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Auckland Airport irons out confusion over Govt review
Markets

Auckland Airport irons out confusion over Govt review

Shares were up yesterday after the announcement. 

Gregor Thompson 18 Jul 2025