Surge leads to biggest single-day rise in NZ sharemarket

Surge leads to biggest single-day rise in NZ sharemarket
(Image: Getty)
Graham Skellern
The blue-chip stocks picked up a head of steam as the New Zealand sharemarket recorded its biggest single-day rise in nearly a year with a surge of more than 1.7%.The S&P/NZX 50 Index had another strong afternoon after reaching a morning low of 10,850.92 and closed at 11,044.44, increasing 193.52 points or 1.78%. The previous biggest single-day gain was 1.98% on Nov 11 last year. The index has now risen 2.80% over the past three trading days.There were 94 gainers and 36 decliners over the whole market on volumes of 30.25 million share...

More Markets

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

NZ sharemarket drifts flat as Fed decision looms
Markets Market Close

NZ sharemarket drifts flat as Fed decision looms

The S&P/NZX 50 Index closed down 0.05% or 6.5 points.

Tom Raynel 17 Sep 2025