Spark up 3% amid buyout speculation; NZX 50 closes flat

Despite gains, Spark equities are still over 20% down for the year. (Image: Supplied)

Tue, 20 May 2025

Earnings season continued to produce mixed results on Tuesday as the New Zealand benchmark closed up after spending most of the day in the red.The S&P/NZX 50 dropped 0.12% to 12,644.23 points with more than 32 million shares changing hands, amounting to $118.7m in value traded. Greg Smith, head of retail at Devon Funds, said it’s still early days, but investors punishing negative guidance is emerging as a theme this earnings season. “Given the current macroeconomic environment both in New Zealand and overseas, investo...

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