NZ investors remain wary, sharemarket ends week flat

NZ investors remain wary, sharemarket ends week flat
(Image: Getty)
Graham Skellern
Consistent performer Mainfreight stumbled and New Zealand shares finished the week on a flat note with investors remaining wary about where markets are heading.The S&P/NZX 50 had a choppy session and closed 14.13 points or 0.12% down to 11,580.81. The index lost 1.2% for the week.There were 64 gainers and 71 decliners on the main board with 23.36 million shares worth $99.79m changing hands.Shane Solly, portfolio manager with Harbour Asset Management, said there was still some volatility to work through and investors were operating in a pret...

More Markets

Port of Tauranga Stella Passage project referred to fast-track process
Markets

Port of Tauranga Stella Passage project referred to fast-track process

The infrastructure minister has accepted Port of Tauranga’s request to refer the Stella Passage development resource consent application to the fast-track consenting process.The application is the same as the one lodged with the Environmental Protection Authority (EPA) in April t...

Rakon reports 1H net loss of $3 million
Markets

Rakon reports 1H net loss of $3 million

Rakon has reported a net loss of $3 million for the six months to Sept 30, compared with its year-ago $10m loss.Revenue increased 30.2% from the year-ago $41.7m to $54.2m.Underlying earnings before interest, tax, depreciation and amortisation (ebitda) were $3.6m from a year-ago e...

The contest for gentailers isn’t electrons – it’s politics
Markets

The contest for gentailers isn’t electrons – it’s politics

Big spend, high stakes: gentailers outline plans that depend on political tolerance.

Air NZ’s Ravishankar grows up in public
Opinion

Pattrick Smellie: Air NZ’s Ravishankar grows up in public

The national airline’s new CEO faces plenty of challenges, some self-inflicted.