NZ sharemarket dips for the fourth day in a row

NZ sharemarket dips for the fourth day in a row
Synlait's decline in share price continued on Thursday. (Image: NZME)
Graham Skellern
The New Zealand sharemarket’s main index gave up more than a half percent – its fourth down day in a row – accompanied by another earnings warning, this time from Colonial Motor Company.After a weak day on Wall Street, the S&P/NZX 50 Index fell at the opening, kept sliding and closed at 11,687.18, down 79.85 points or 0.68%. The index has fallen 1.45% so far this week.The overall market featured 34 gainers and 88 decliners on volumes of 39.79 million share transactions worth $82.79m.In the United States, the Dow Jones Indu...

More Markets

Genesis takes another step in increasing NZ's battery capacity
Markets

Genesis takes another step in increasing NZ's battery capacity

Grid-scale batteries add to the mix, but questions remain over economic viability.

NZ sharemarket rises strongly on power company gains
Markets Market Close

NZ sharemarket rises strongly on power company gains

Positive day for Mercury and Meridian as well as a2 Milk despite gloom on global front. 

Tom Raynel 04 Jun 2025
Why MCK’s failed takeover lost Sharesies a customer
Markets

Why MCK’s failed takeover lost Sharesies a customer

This former Sharesies user made bank on MCK, but is leaving the platform anyway.