NZ sharemarket ends the week on a bright note

NZ sharemarket ends the week on a bright note
Infratil shares reached a new record helping lift the NZ sharemarket. (Image: Getty)
Graham Skellern
The New Zealand sharemarket continued its broad-based rally with a near one percent rise, and utilities investor Infratil was quickly back to an all-time high.The S&P/NZX 50 Index followed the same pattern as the previous two days – down in the morning to a low of 11,704.37 and up in the afternoon, closing with a gain of 108.35 points or 0.92% to 11,916.47.The index was up 1.53% for the week and has now increased nearly 3.9% for the year.There were 88 gainers and 37 decliners over the whole market on volumes of 50.92 million transacti...

More Markets

Being AI sues investment bank for defamation
Markets

Being AI sues investment bank for defamation

Chair Sean Joyce says the bank has doubled down on highly defamatory allegations.

NZ sharemarket boosted by energy stocks, Fletcher
Markets Market close

NZ sharemarket boosted by energy stocks, Fletcher

The S&P/NZX 50 Index closed at 11,789.39 points, up 71.95 points or 0.61%.

Graham Skellern 01 Jul 2024
Rakon investor raises issues over failed bid
Markets

Rakon investor raises issues over failed bid

Minority investor Mike Daniel has raised fresh questions about a $400 million bid that was ultimately snubbed by Rakon’s board.The NZ Shareholders Association (NZSA) shares Daniel’s disappointment that millions were spent on takeover talks with nothing to show, but also offered s...

Staff reporters 01 Jul 2024
New Talisman Gold Mines halts trading
Markets

New Talisman Gold Mines halts trading

On Monday, Australian and New Zealand Exchange-listed New Talisman Gold Mines halted NZX trading.The halt follows the Australian Securities Exchange's (ASX) decision to suspend trading in New Talisman Gold Mines securities on that exchange following the release of the company...

Staff reporters 01 Jul 2024