NZ sharemarket dips on profit taking

NZ sharemarket dips on profit taking
There were 61 gainers and 72 decliners over the whole market. (Image: Getty)
Graham Skellern
The New Zealand sharemarket succumbed to some profit-taking, falling 1% after a strong run, and all eyes are on the prospect of Ebos Group making another billion-dollar purchase.The S&P/NZX 50 Index jumped to an intraday high of 11,391.21 but, by late morning, was on a downward slide as investors decided to take some welcome gains in selected stocks.The index closed at 11,230.87, down 121.97 points or 1.07%, but is still ahead 0.8% for the week.There were 61 gainers and 72 decliners over the whole market on volumes of 25.3 million share tra...

More Markets

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
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025