NZ sharemarket closes the week flat

NZ sharemarket closes the week flat
The NZ sharemarket is still grappling with a slowing economy. (Image: Getty)
Graham Skellern
The New Zealand sharemarket closed the week flat as it grappled with a slowing economy and a further earnings downgrade, this time from SkyCity.The S&P/NZX50 Index recovered admirably from its intraday low of 11,408.25 and finished at 11,495.64, down 0.97 points or 0.01%. The index is still 0.3% ahead for the year after gaining 1% this week.There were 57 gainers and 61 decliners over the whole market, with rebalancing in the FTSE and NZX indices creating some volatility before next Friday's deadline. A total of 25.85 million shares wort...

More Markets

Ebos’ index weight grows; NZX 50 drops 0.7%
Markets Market Close

Ebos’ index weight grows; NZX 50 drops 0.7%

The a2 Milk Company sunk about 5%.

Gregor Thompson 03 Jun 2025
Steven Joyce, Jim Grenon join NZME board
Markets

Steven Joyce, Jim Grenon join NZME board

Joyce had 93% shareholder support, Grenon 86%.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025
Meet the new boss of Fonterra's foodservice business
Primary Sector

Meet the new boss of Fonterra's foodservice business

Teh-han Chow led Fonterra's Greater China business for six years.

Riley Kennedy 03 Jun 2025