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Market close: NZ sharemarket hits nine-week low as inflation fears rattle investors 19 May, 2021 05:47 AM 4 minutes to read The New Zealand sharemarket fell more than one per cent. Photo / NZME NZ Herald By: Graham Skellern Inflation fears again rattled the nervous New Zealand sharemarket which hit a nine-week low after falling more than one per cent. The S&P/NZX 50 Index closed at 12,296.74, down 131.87 points or 1.06 per cent, and reaching levels seen in early March. The index, like it has done all week, climbed in the morning to 12,435.91 points but at lunchtime it follow...

Market close: NZ sharemarket snaps eight-day losing streak 17 May, 2021 05:53 AM 4 minutes to read Restaurant Brands surged 60c or 4.51 per cent to $13.90. Photo / Dean Purcell NZ Herald By: Graham Skellern The lagging New Zealand sharemarket snapped an eight-day losing streak with a small but significant gain – but global marketer a2 Milk continued its slump. The S&P/NZX 50 Index raced ahead to an intraday high of 12,442.65 by lunchtime but then steadied and closed at 12,410.47, up 42.61 points or 0.34 per cent. There were 71 gainers and 68 decliners over the whole market...

Market close: Fonterra emerges from trading halt with big dip 7 May, 2021 05:38 AM 4 minutes to read Fonterra Shareholders' Fund fell 30c or 6.52 per cent to $4.30. Photo / File NZ Herald By: Graham Skellern A quiet New Zealand sharemarket caught the end-of-week Fridayitis and closed with a small loss on light trading – and a2 Milk took another dip. The S&P/NZX 50 Index was down 21.74 points or 0.17 per cent to 12,729.92, after trading in a narrow range with an intraday low of 12,699.67. There were 63 gainers and 68 decliners over the whole market of 186 stocks on volume o...

Market close: Shaky NZ sharemarket ignores Z Energy's solid result 6 May, 2021 05:38 AM 4 minutes to read Z Energy rose 9c or 3.38 per cent to $2.75. Photo / File NZ Herald By: Graham Skellern Service station operator Z Energy got the latest local reporting season underway with a solid profit and price rise, but a shaky New Zealand sharemarket ignored that and fell more than half a per cent. The S&P/NZX 50 Index was down 96.63 points or 0.75 per cent to 12,751.67. The index has fallen 3 per cent this year, while offshore markets have risen 7 per cent. There were 53 gainers and 82 decliners ov...