SkyCity folds 6% as NZX 50 trades flat

SkyCity shares are trading at 52-week lows. (Image: Dean Purcell)

Tue, 06 May 2025

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...

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