NZ's sharemarket up while Australia's takes a dive

NZ's sharemarket up while Australia's takes a dive
(Image: Getty)
Graham Skellern
The New Zealand sharemarket went up while its counterpart across the Tasman dived on the shock move by the Reserve Bank of Australia to further increase interest rates.After trading flat for most of the day, the S&P/NZX 50 Index suddenly turned and closed at 12,037.81, up 34.84 points or 0.29%.There were 62 gainers and 69 decliners over the whole market, with 35.9 million shares worth $107.07m changing hands.The S&P/ASX 200 Index had fallen 0.86% to 7271.2 points (at 6pm NZ time) after the Reserve Bank of Australia (RBA) increased its c...

More Markets

Ebos’ index weight grows; NZX 50 drops 0.7%
Markets Market Close

Ebos’ index weight grows; NZX 50 drops 0.7%

The a2 Milk Company sunk about 5%.

Steven Joyce, Jim Grenon join NZME board
Markets

Steven Joyce, Jim Grenon join NZME board

Joyce had 93% shareholder support, Grenon 86%.

Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Meet the new boss of Fonterra's foodservice business
Primary Sector

Meet the new boss of Fonterra's foodservice business

Teh-han Chow led Fonterra's Greater China business for six years.