NZX50 flat as companies go ex-dividend

NZX50 flat as companies go ex-dividend
Air NZ shares rose despite going ex-dividend. (Image: Getty)
Graham Skellern
The New Zealand sharemarket held its ground as a bunch of stocks went ex-dividend, and offshore bourses were decidedly weaker.Apart from a lunchtime dip, the S&P/NZX 50 Index traded steadily and closed at 11,426.84, down 0.82 points or 0.01%.There were 48 gainers and 89 decliners on the main board, with 31.13 million shares worth $157.75m changing hands.Paul Robertshawe, chief investment officer with Octagon Asset Management, said the local market was in a bit of a lull, but “we have had a big correction through the reporting season,...

More Markets

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025
Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Staff reporters 02 Jul 2025