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

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025