Trade war truce breathes life into NZ sharemarket

Trade war truce breathes life into NZ sharemarket
Fisher and Paykel shares had some oxygen from tariff news. (Image: NZME)
Graham Skellern
Fisher and Paykel Healthcare and the New Zealand sharemarket staged a strong recovery on relief that the US tariffs on Mexico and Canada have been put on hold.The S&P/NZX 50 Index traded steadily and closed at 12,905.04, up 94.72 points or 0.74%. Volumes picked up in the afternoon with 27.47 million share transactions worth $147.58m.The NZX index shook off the 1.42% fall the day before after US President Donald Trump announced he was delaying the start of 25% tariffs on Mexico and Canada for a month following “friendly” talks wi...

More Markets

NZME board told 'compromise or be rolled'
Markets

NZME board told 'compromise or be rolled'

Minority shareholders are falling in behind billionaire Jim Grenon's board coup.

NZ sharemarket steady after Ryman completes capital raise
Markets Market Close

NZ sharemarket steady after Ryman completes capital raise

The S&P/NZX 50 Index closed at 12,209.05, down 40.5 points or 0.33%.

Graham Skellern 13 Mar 2025
Underwriters left with $161m of Ryman stock
Property

Underwriters left with $161m of Ryman stock

Retail investors took up 42% of the shares offered to them in the capital raise.

Gregor Thompson 13 Mar 2025
NZ sharemarket falls 1.3% on uncertainty
Markets Market Close

NZ sharemarket falls 1.3% on uncertainty

The S&P/NZX 50 Index closed at 12,249.55, down 161.42 points or 1.3%.

Graham Skellern 12 Mar 2025