SkyCity folds 6% as NZX 50 trades flat

SkyCity folds 6% as NZX 50 trades flat
SkyCity shares are trading at 52-week lows. (Image: Dean Purcell)
Gregor Thompson
Infratil’s comeback has helped the New Zealand benchmark offset the effects of a guidance downgrade from SkyCity.The S&P/NZX 50 traded flat on Tuesday, ending the day at 12,421.09 points. 33.2 million shares traded hands, amounting to $108.6m in total value traded. Senior research analyst at Craigs Investment Partners, Mohandeep Singh, noted that despite the volatility in April, United States markets have ended up more or less where they started. The S&P 500 fell 0.64% overnight, snapping a nine-week winning streak, but...

More Markets

Beyond Meat rally tempts Kiwi traders
Markets

Beyond Meat rally tempts Kiwi traders

Meme stock mania puts Beyond among top traded stocks on Sharesies and Hatch.

Freightways outlook and Fonterra vote drive upbeat day
Markets Market Close

Freightways outlook and Fonterra vote drive upbeat day

Freightways shares climbed after Mark Troughear flagged easing economic headwinds.

Tom Raynel 30 Oct 2025
Me Today raises funds to be here tomorrow
Markets

Me Today raises funds to be here tomorrow

Shareholders have approved a capital raise of up to $2.59 million.

Greg Hurrell 30 Oct 2025