NZ market gains on back of KMD's 'impressive result'

NZ market gains on back of KMD's 'impressive result'
(Image: BusinessDesk)
Graham Skellern
A more confident New Zealand sharemarket posted a half percent gain on the comfort of record first-half earnings from retailer KMD Brands and a feeling that the offshore banking crisis is under control.The S&P/NZX 50 Index had a late surge in the last half-hour matching session and closed near the day’s high at 11,586.93, up 55.63 points or 0.48%.There were 74 gainers and 57 decliners over the whole market on improved volume of 35.18 million shares worth $131.77m. Auckland International Airport, up 6c to $8.88, dominated the individua...

More Markets

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025
Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Staff reporters 02 Jul 2025