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

Spark's slide helps drive NZ sharemarket down
Markets Market Close

Spark's slide helps drive NZ sharemarket down

The S&P/NZX 50 Index closed at 12,166.14, down 100.11 points or 0.82%.

Graham Skellern 17 Mar 2025
Ebos shoots down pet food bid speculation
Markets

Ebos shoots down pet food bid speculation

Reports in the Australian are inaccurate, healthcare and animal care firm says.

Staff reporters 17 Mar 2025
Why Air NZ has sent its top brass to India
Markets

Why Air NZ has sent its top brass to India

Direct routes may be out of reach, but national carrier could land a deal.

Smartpay confirms dual takeover bids
Markets

Smartpay confirms dual takeover bids

The company is undertaking diligence with Tyro Payments and an unnamed international.

Staff reporters 17 Mar 2025