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

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025