Rudderless NZ sharemarket drifts lower

Rudderless NZ sharemarket drifts lower
Across the main board, 61 stocks fell, 81 rose, and 37 were unchanged. (Image: Getty)
Paul McBeth
New Zealand shares drifted lower as investors continued to digest the glut of information from earnings season and kept one eye on upcoming dividend payments. The S&P/NZX 50 Index declined 21 points, or 0.2%, to 12,534.51. Across the main board, 61 stocks fell, 81 rose, and 37 were unchanged. Turnover was $116.7 million, with 13 companies trading on volumes of more than a million shares. North American markets were closed overnight, and stocks were largely muted ahead of US employment figures at the end of the week. These figures...

More Markets

NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Tom Raynel 09 May 2025
Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 09 May 2025
Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025