NZ shares surrender yesterday’s gain

Dan Brunskill
Fri, 30 Jul 2021

Dan Brunskill
Fri, 30 Jul 2021
New Zealand shares gave back all of Thursday’s bounce in a broad-based selloff that was avoided by only a handful of stocks. The S&P/NZX 50 Index fell 134.33 points, or 1.1%, to 12,594.52. Turnover was $245 million.Almost every stock in the index declined today as investors walked back the more than 1% bounce yesterday after a string of positive market updates got sentiment up.Leading the fall was A2 Milk, down another 4.6% at $6.22 today, having enjoyed a brief reprieve from sustained selling yesterday. The stock is now down mor...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Policy
Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.