NZX steady as Eroad rallies on road-user charge changes

NZX steady as Eroad rallies on road-user charge changes
Changes to road-user charges are set to benefit companies like Eroad, which had its share price rally on Thursday. (Image: Getty)
Tom Raynel
The New Zealand sharemarket was steady again on Thursday as software company Eroad rallied after the Government’s announcement that all cars on NZ roads will soon make use of road user charges.On the main board, the S&P/NZX 50 Index closed up 0.05% or 6.94 points, rising to 12,887.10, after 45.7 million shares worth $120m changed hands.The S&P/NZX 20 index closed at 7,561.42 points, up just 0.06%, while the S&P/NZX 10 index ended the day at 12,642.76, rising 0.09%.There were 76 gainers on the main board and 60 decliners.Hamilt...

More Markets

NZ sharemarket closes up over 1%
Markets Market Close

NZ sharemarket closes up over 1%

The NZX 50 Index closed at 13,070.45, up 139.72 points or 1.08%.

Global fund manager, KiwiSaver firm Amova drops Nikko branding
Markets

Global fund manager, KiwiSaver firm Amova drops Nikko branding

Global fund manager Nikko rebrands as Amova Asset Management

Earnings a ‘mixed bag’ but end of tunnel looms
Markets Earnings Wrap

Earnings a ‘mixed bag’ but end of tunnel looms

The a2 Milk Company has emerged as the winner of August.

Clarity and credible plan for Comvita ‘essential’
Primary Sector

Clarity and credible plan for Comvita ‘essential’

New CEO Karl Gradon says his mandate is ‘very clear’.