NZ sharemarket weakens, ignores Budget
The New Zealand sharemarket largely ignored the Budget to ended weaker, driven in part by a fall in infrastructure investor Infratil and offshore influences.
The S&P/NZX 50 Index ended 0.52%, or 65.75 points, down at 12,596.50, with 44.7 million shares, worth $141.5m, trading.
There were 73 rises and 63 falls
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NZ Herald
10 hours ago
- NZ Herald
Property companies help boost NZ sharemarket
The New Zealand sharemarket was up today 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 36,512,790 shares changing hands to the value of $156.4 million. The S&P/NZX 20 index closed at 7419.19, up 0.71%, while
National Business Review
2 days ago
- National Business Review
New director for Wellington Airport
Infratil has appointed an Australian property executive, Bob Johnston, to the board of Wellington Airport. He will replace outgoing director Elizabeth Albergoni, who has served on the board since 2023. Johnston is already on the boards of Perth Airport and Australia's largest residential property developer, ASX-listed Stockland. Wellington Airport noted in a statement that Johnston had more than 30 years of international expertise in the property sector, including investment, development, project management and construction. He is currently the chief executive of ASX-listed property group GPT, and was previously the managing director of Frasers Property Australia (formerly the listed property group Australand). He has also held senior management positions with multinational construction and real estate company Lendlease, both in Australia and overseas. Dual-listed infrastructure investor Infratil owns 66% of Wellington Airport. The rest of the shares are owned by Wellington City Council. Infratil appoints four directors to the airport board and Wellington City Council two, including Wellington Mayor Tory Whanau. The latest appointment takes effect immediately.
NZ Herald
2 days ago
- NZ Herald
Ebos block trade rattles index; NZX 50 drops 0.7%
New Zealand equities bounced around on market close after Ebos Healthcare's index weighting grew following a nearly $1 billion block trade last week. Share volumes amounting to $243.9 million changed hands across the main board on Tuesday as the S&P/NZX 50 fell 0.74% to 12,327.23 points. Just ahead of close,
