NZ sharemarket reaches 14 week high

NZ sharemarket reaches 14 week high
There was further hope that Reserve Bank governor Adrian Orr could cut rates earlier. (Image: Getty)
Graham Skellern
The New Zealand sharemarket reached its highest level in 14 weeks on a buoyant day, with the Dow Jones Industrial Average hitting an all-time peak and wholesale interest rates falling significantly. The S&P/NZX 50 Index rose strongly at lunchtime and had a late dip before closing at 11,552.88, up 77.11 points or 0.67% – matching the 11,554.48 set on Aug 31. The index’s intraday high was 11,593.22 points. There were 79 gainers and 58 decliners over the whole market on increased volumes of 92.23 million shares, totalling...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025