NZX50 dips for third day in a row

NZX50 dips for third day in a row
Infratil's capital raise and Auckland airport dominated the market today. (Image: Getty)
Graham Skellern
The New Zealand sharemarket lost ground for the third successive day, weighed down by the Infratil equity raising and a sudden increase in wholesale interest rates.The S&P/NZX 50 Index slid mid-morning and closed at 11,715.74, down 43.4 points or 0.37%. The index has fallen 1.5% so far this week and is up 2.1% for the year.There were 43 gainers and 81 decliners over the whole market on volumes of 41.65 million share transactions worth $163.32m.Wholesale interest rates increased around western markets, with the NZ 10 Year Government Bond yie...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025