Retirement stocks benefit on quiet day for NZ sharemarket

Retirement stocks benefit on quiet day for NZ sharemarket
Summerset Group made the most of a quiet day on the NZ sharemarket. (Image: Supplied)
Tom Raynel
The New Zealand sharemarket lifted marginally after a quiet day, with retirement stocks benefiting from the lull.The S&P/NZX 50 Index lifted 0.19% or 24.81 points to 13,395.87 after 38.4 million shares, worth $152.9m, were traded.The S&P/NZX 20 index was up 0.08%, closing at 7,616.96 points, while the S&P/NZX 10 index ended the day at 12,758.41 after rising 0.01%.There were 64 gainers on the main board and 75 decliners.Salt Funds Management managing director Matt Goodson said there was volume in trading but not much company-specific...

More Markets

Rakon: $356m bid won't be swayed by personalities
Markets

Rakon: $356m bid won't be swayed by personalities

Bourns' offer won’t be influenced by past disputes, Swasbrook says.

Rakon takeover bid fails to lift NZ sharemarket
Markets Market Close

Rakon takeover bid fails to lift NZ sharemarket

The S&P/NZX 50 Index closed at 13,683.29, down 12.96 points or 0.09%.

Graham Skellern 12 Jan 2026
Rakon shares jump more than 50% on takeover bid
Markets

Rakon shares jump more than 50% on takeover bid

Bourns said a formal offer was to be made in the next 20 business days.

Bourns launches $356m cash bid for Rakon
Markets

Bourns launches $356m cash bid for Rakon

Rakon board sets up independent committee as Bourns tables $356m bid.