Results don't trump uncertainty as NZ sharemarket tumbles 1.3%

A solid result did not shift investor sentiment. (Image: Getty)

Wed, 12 Mar 2025

Leading retailer Briscoe Group produced another solid annual result, but it couldn’t stop the New Zealand sharemarket falling more than 1% on the continued sell-down in the United States. The S&P/NZX 50 Index was even weaker in the afternoon on the back of a slump in Australia and closed at 12,249.55, down 161.42 points or 1.3%. Volumes were strong, with 37.3 million share transactions worth $183.33m.'Uncertainty'Matt Goodson, managing director with Salt Funds Management, said it was more of the same with the Trump-l...

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