Property companies help boost NZ sharemarket

Property companies including Argosy, Stride and Goodman had share prices rise Thursday as the NZ sharemarket lifted. (Image: Getty)

Tom Raynel

Thu, 05 Jun 2025

The New Zealand sharemarket was up on Thursday, buoyed by a rise in property company share prices.The S&P/NZX 50 Index closed up 0.66% or 82.44 points, rising to 12,577.15, with 36.5 million shares changing hands to the value of $156.4m.The S&P/NZX 20 index closed at 7,419.19, up 0.71%, while the S&P/NZX 10 index closed at 1,900.50, up 0.50%.There were 82 gainers and 51 decliners on the main board.Salt Funds Management managing director Matt Goodson said that movements on the board reflected the market's flows rather than any pa...

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