Stormy weather dampens uncertain NZ sharemarket

Stormy weather dampens uncertain NZ sharemarket
(Image: Getty)
Graham Skellern
The New Zealand sharemarket had another uncertain day – just like the effect of Auckland weather – and Tourism Holdings plunged nearly 10% on a cautious trading outlook.The S&P/NZX 50 Index fell early and stayed that way to close at 11,889.61, down 52.87 points or 0.44%.There were 84 decliners and 41 gainers over the whole market on volumes of 34.46 million share transactions worth $131.48m.Matt Goodson, managing director of Salt Funds Management, said it was a mixed day on the market. “To be honest, in Auckland, the...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025
Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025