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

NZ sharemarket celebrates highest single-day rise in over five months
Markets Market close

NZ sharemarket celebrates highest single-day rise in over five months

The S&P/NZX 50 Index closed at 11,946.43, increasing 143.15 points or 1.21%.

Graham Skellern 24 Apr 2024
'Serious compliance breaches' in NZ sharemarket
Markets

'Serious compliance breaches' in NZ sharemarket

Seven matters were referred to the NZ Markets Disciplinary Tribunal last year.

Murray Jones 24 Apr 2024
Which NZX firms lost or gained NZ Super Fund investment
Markets

Which NZX firms lost or gained NZ Super Fund investment

The fund is an active investor in NZ. Here are the firms it likes, and those it dumped.

Gas fears weigh on Genesis, push up power prices
Markets

Gas fears weigh on Genesis, push up power prices

Worries about gas supply hit more than share prices.

Ian Llewellyn 24 Apr 2024