Stormy weather dampens uncertain NZ sharemarket

(Image: Getty)

Tue, 09 May 2023

The New Zealand sharemarket had another uncertain day – just like the effect of Auckland weather – and Tourism Holdings plunged nearly 10% on a cautious trading outlook.The S&P/NZX 50 Index fell early and stayed that way to close at 11,889.61, down 52.87 points or 0.44%.There were 84 decliners and 41 gainers over the whole market on volumes of 34.46 million share transactions worth $131.48m.Matt Goodson, managing director of Salt Funds Management, said it was a mixed day on the market. “To be honest, in Auckland, the...

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Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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