Reserve Bank casts shadow over NZ sharemarket

Reserve Bank casts shadow over NZ sharemarket
The S&P/NZX 50 Index finished flat at 11,235.94, down 1.43 points or 0.01%. (Image: Getty)
Graham Skellern
The Reserve Bank of New Zealand put a big dampener on the NZ sharemarket with its higher-for-longer interest rates approach after Fisher and Paykel Healthcare lifted spirits with a pleasing half-year financial result.The S&P/NZX 50 Index surged more than 1.2% to an intraday high of 11,409.2 points during lunchtime at the peak of market heavyweight Fisher and Paykel’s trading.But the index came back to earth and finished flat at 11,235.94, down 1.43 points or 0.01%, following the Reserve Bank of NZ’s (RBNZ) latest monetary policy...

More Markets

NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

Jamie Gray 28 Nov 2025
The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Staff reporters 28 Nov 2025
Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

Andy Macdonald 28 Nov 2025
New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...

Ian Llewellyn 28 Nov 2025