NZ sharemarket holds up despite Warehouse result

NZ sharemarket holds up despite Warehouse result
(Image: Getty)
Graham Skellern
The Warehouse Group plunged nearly 12% on a weak first-half result but the New Zealand sharemarket held up well in the face of further falls offshore.The S&P/NZX 50 Index bounced back from a lunchtime low of 11,481.08 and closed with a small gain of 8.01 points or 0.07% to 11,594.94.There were 47 gainers and 79 decliners on the main board with 34.42 million shares worth $105.71 million changing hands.The US Federal Reserve increased its rate 25 basis points, as expected, to a range of 4.75 to 5% and indicated there was just one more rate hi...

More Markets

Fletcher's restructuring, impairment costs could hit $781m
Infrastructure

Fletcher's restructuring, impairment costs could hit $781m

It expects ebit of $370m to $375m before significant items. 

Tait wants Vital to fast-track growth
Markets

Tait wants Vital to fast-track growth

If successful, Tait Communications will pay $18.7m to take the listed firm private.

Selling Kiwifruit at Beijing’s $5b-a-year department store
Primary Sector

Selling Kiwifruit at Beijing’s $5b-a-year department store

Turns out the personal touch helps sell kiwifruit at a high-end Chinese supermarket.

NZX down 0.3% as world waits for Iranian response
Markets Market Close

NZX down 0.3% as world waits for Iranian response

"The inclination is not to do too much," Forsyth Barr analyst Peter Sigley said.

Gregor Thompson 23 Jun 2025