Wary investors keep the NZ sharemarket flat

Apples of a technology type and the fruit featured in today's market news. (Image: Getty)

Fri, 04 Aug 2023

The New Zealand sharemarket finished the week with a very small gain, but investors are wary about the continuing rise in long-term bond yields.The S&P/NZX 50 Index’s routine didn’t surprise, falling in the morning and recovering in the afternoon to close at 11,943.2, up 6.58 points or 0.06%.The index reached an intraday low of 11,906.83 points and was flat for the week.There were 69 gainers and 55 decliners over the whole market on volumes of 25.59 million share transactions worth $90.03m.Shane Solly, portfolio manager with Har...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

The Quiz Free

QuiznessDesk, Friday, July 18

Can you get them all correct without cheating?

The Quizmaster 9:15am

Property

Supply of new homes misaligned with what buyers want

There is a shortage of homes people love, a new survey finds.

Maria Slade 5:00am

Supply of new homes misaligned with what buyers want

Technology

CaSil Tech takes on the world's geothermal stations

The startup is raising funds to pursue commercial opportunities.

Greg Hurrell 5:00am

CaSil Tech takes on the world's geothermal stations

Sponsored

Global real estate without the passport or paperwork

A global ETF offers access to income-generating real estate like data centres, healthcare and logistics warehouses – all in New Zealand dollars.

Blackrock, Smart Invest

Sponsored

‘Make Today the Day’: Why on-the-job training is the key to NZ’s service recovery

Covid gutted New Zealand’s service workforce. Training is the fix – and the future.

ServiceIQ

More Markets

Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Staff reporters 10:45am

Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 9:25am