NZX flat as major companies issue warnings

NZX flat as major companies issue warnings
Mainfreight was among the companies warning of a slowing economy. (Image: Getty)
Graham Skellern
Leading stocks Mainfreight and Ryman Healthcare both sounded warnings of a slowing domestic economy and earnings growth, and the New Zealand sharemarket traded flat.The S&P/NZX 50 Index fell to an intraday low of 11,921, then recovered and traded steadily to a close of 11,954.11, up 0.625 points or 0.01%.There was an even spread of 59 gainers and 59 decliners over the whole market on improved volumes of 24.55 million share transactions worth $91.84m.Across the Tasman, the S&P/ASX 200 Index had another strong day, rising 0.78% to 7459.8...

More Markets

NZ sharemarket ends week down 1.2%
Markets Free Market Close

NZ sharemarket ends week down 1.2%

The S&P/NZX 50 Index closed at 12,113.54, gaining 58.82 points or 0.49%.

Graham Skellern 21 Mar 2025
The Warehouse Group margins take hit
Retail

The Warehouse Group margins take hit

The retail group reported half-year earnings at the upper end of guidance.

Gregor Thompson 21 Mar 2025
Investor Jim Grenon challenges NZME board on dividend excesses
Markets Exclusive

Investor Jim Grenon challenges NZME board on dividend excesses

PLUS: NZME reveals talks it was having with rival publisher Stuff are on hold. 

‘Hope is not a strategy’: energy sector’s winter worries
Markets

‘Hope is not a strategy’: energy sector’s winter worries

Despite a fair amount of positive news, there was scepticism and a few home truths.

Ian Llewellyn 21 Mar 2025