Property companies help boost NZ sharemarket

Property companies including Argosy, Stride and Goodman had share prices rise Thursday as the NZ sharemarket lifted. (Image: Getty)

Tom Raynel

Thu, 05 Jun 2025

The New Zealand sharemarket was up on Thursday, buoyed by a rise in property company share prices.The S&P/NZX 50 Index closed up 0.66% or 82.44 points, rising to 12,577.15, with 36.5 million shares changing hands to the value of $156.4m.The S&P/NZX 20 index closed at 7,419.19, up 0.71%, while the S&P/NZX 10 index closed at 1,900.50, up 0.50%.There were 82 gainers and 51 decliners on the main board.Salt Funds Management managing director Matt Goodson said that movements on the board reflected the market's flows rather than any pa...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}