Positive day offshore leads strong revival of NZ sharemarket

Positive day offshore leads strong revival of NZ sharemarket
Graham Skellern
The leading energy and retirement stocks led a strong revival in the New Zealand sharemarket, up more than one percent, following a positive day offshore.The S&P/NZX 50 Index climbed steadily through the session and finished 158.41 points or 1.36% ahead at 11,771.27 – the biggest single-day rise in four months. There were 81 gainers and 53 decliners over the whole market on volume of 35.9m share transactions worth $116.42m.Investors became more confident as the banking situation settled in the United States. First Citizens Bank a...

More Markets

NZ sharemarket up 0.3%, Tower dominates trading
Markets Market Close

NZ sharemarket up 0.3%, Tower dominates trading

The S&P/NZX 50 Index closed at 12,312.6, up 42.6 points or 0.35%.

Graham Skellern 01 Apr 2025
Behind the rise of shareholder activism
Markets

Behind the rise of shareholder activism

Activists can be seen as 'baddies', but a new report says there are benefits.

My Food Bag CEO signals 'return to growth'
Retail

My Food Bag CEO signals 'return to growth'

My Food Bag's chief executive, Mark Winter, says the company has "returned to growth" after strengthening its sales performance in the second half of the financial year.On Tuesday, the meal-kit delivery firm told the NZX that it expects to deliver full-year earnings in line w...

Gregor Thompson 01 Apr 2025
Who is Mainland Group's chair-elect Liz Coutts
Primary Sector

Who is Mainland Group's chair-elect Liz Coutts

From CEO at 31 to one of NZ's most sought-after directors.