NZ sharemarket shows positive signs after last week's lows

NZ sharemarket shows positive signs after last week's lows
a2 Milk surged nearly 6% after finding renewed favour from investors. (Image: Getty)
Graham Skellern
The New Zealand sharemarket started the week on a positive note, with a2 Milk surging nearly 6% after finding renewed favour from investors.The S&P/NZX 50 Index reached an intraday high of 11,713.34 but slipped slightly to close at 11,684.95, up 18.88 points or 0.16% – following five successive down days last week.There were 74 gainers and 62 decliners over the whole market on volumes of 17.95 million shares worth $63.29 million.Jeremy Sullivan, investment advisor with Hamilton Hindin Greene, said the local market made a modest gain f...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025
Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025