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

Glenbrook to get big grid-scale battery as Contact teams up with Tesla
Markets

Glenbrook to get big grid-scale battery as Contact teams up with Tesla

Contact Energy has teamed up with electric car company Tesla to build a grid-scale 100-megawatt battery at Glenbrook at a cost of up to $163 million.The company said the battery would enhance Contact’s renewable-energy flexibility and provide enough electricity for more than two...

Fletcher provides NZICC updates, hands over Horizon Hotel to SkyCity
Infrastructure

Fletcher provides NZICC updates, hands over Horizon Hotel to SkyCity

Fletcher Building has settled remaining contract works insurance claims with the New Zealand International Convention Centre project insurers.Also known as builders' insurance, contract works insurance (CWI) covers construction that is underway.In February, Fletcher determine...

How NZ will benefit from global PE giants in Australia
Markets

How NZ will benefit from global PE giants in Australia

New offices and deals in Australia are good news for NZ, M&A expert says.

NZ sharemarket falls 1% ahead of long weekend
Markets Market close

NZ sharemarket falls 1% ahead of long weekend

The S&P/NZX 50 Index closed at 11,717.43, down 117.58 points or 0.99%.

Graham Skellern 27 Jun 2024