Recovery rally on NZX as Ryman bounces back

Recovery rally on NZX as Ryman bounces back
Paul McBeth
New Zealand shares bounced back from yesterday’s sharp selloff with Ryman Healthcare leading the way in afternoon trading as it pulled its earnings guidance and said construction will be suspended through the national lockdown. The S&P/NZX50 Index rose 408.03 points, or 4.8 percent, to 8,906.73 by 2:15pm in Wellington, unwinding some of yesterday’s 7.6 percent slump when Prime Minister Jacinda Ardern announced a national lockdown from midnight tomorrow. The kiwi dollar was also stronger, at 57.73 US cents by 2:45pm from 56.38 at 5pm yesterda...

More Markets

NZ sharemarket drops after weak GDP data
Markets Market Close

NZ sharemarket drops after weak GDP data

Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.

Tom Raynel 18 Sep 2025
Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Staff reporters 18 Sep 2025
NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Rebecca Howard 18 Sep 2025
Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

Pattrick Smellie 18 Sep 2025