NZ shares fall as rate cut question weighs

NZ shares fall as rate cut question weighs
Investors are pondering when interest rate cuts will come. (Image: Getty)
Paul McBeth
New Zealand shares fell for a second day in quiet trading as the few investors returning this week pondered how quickly central banks will cut interest rates. The S&P/NZX 50 Index declined 13.06 points, or 0.1%, to 11,735.42. Across the main board, 12.9 million shares were traded for a turnover of $40.3 million as 73 stocks fell and 63 rose. No companies crossed the million-share volume today, with Spark NZ being the most heavily traded, with 840,000 shares changing hands as it rose 0.7% to $5.155. “It’s a very qu...

More Markets

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025
SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
The firm bearing the brunt of public sector cutbacks
Markets Small Cap Wrap

The firm bearing the brunt of public sector cutbacks

Plus Being AI, takeover madness, and more.