Unsettled NZ market sheds 1%

Unsettled NZ market sheds 1%
(Image: Getty)
Graham Skellern
The New Zealand sharemarket ended a volatile week with a near 1% fall as the prospect of more interest rate rises to combat inflation reared up and unsettled investors. After another sell-off on Wall Street (the second this week), the S&P/NZX 50 Index fell sharply at the opening and closed at 11,727.04, down 99.11 points or 0.84%. The index was down 1.2% for the week and is now only 1.9% ahead for the year. There were 98 decliners and 29 gainers over the whole market with 22.5 million shares worth $116.29 million changing hands.&n...

More Markets

NZ sharemarket flat ahead of weekend
Markets Market close

NZ sharemarket flat ahead of weekend

The S&P/NZX 50 Index closed at 12,261.23, down 3.84 points or 0.03%.

Graham Skellern 19 Jul 2024
Michael Hill International forecasts sharply lower earnings
Retail

Michael Hill International forecasts sharply lower earnings

The middle of the forecast range is a 75% drop year-on-year. 

Gregor Thompson 19 Jul 2024
Analysts diverge on Ryman outlook
Property

Analysts diverge on Ryman outlook

There is a gap of nearly $3 between Jarden and ForBarr's 12-month target prices.

Gregor Thompson 19 Jul 2024