
Market close: NZ sharemarket flat despite export growth, Fletcher Building down again
The NZ sharemarket dipped as Fletcher Building shares fell further.
The NZ sharemarket dipped as Fletcher Building shares fell further.
Oil prices suffered one of their steepest single-day falls in five years on Tuesday.
'The inclination is not to do too much,' Forsyth Barr analyst Peter Sigley said.
BGH's tilt at Tourism Holdings has sparked more merger and acquisition speculation.
The New Zealand sharemarket was flat today, with the NZX50 falling by 58.27 points.
The S&P/NZX 50 Index closed down 0.10%, falling to 12,627.32.
Infratil rose nearly 4% during an announcement-light day on the bourse.
Comvita shares fall 7% after mānuka honey company forecasts a net loss of more than $20m.
New Zealand share prices tumbled after Israel attacked Iran.
There were 60 gainers on the main board and 60 decliners today.
Scales Corporation shares are up after it upgraded guidance.
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Briscoe Group's strong day came at The Warehouse Group's expense.
Fletcher Building shares closed down 8c or 2.5% at $3.07.
Plus: Auckland Airport and Spark are back in favour with analysts at Morningstar.
Ryman Healthcare, Argosy Property and Goodman all recorded share price rises.
Share volumes amounting to $243.9 million changed hands across the main board on Tuesday.
Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.
Results from Fisher & Paykel Healthcare and Infratil dragged the market down.
The NZSA says past changes make a fee more palatable but clearer disclosure's needed.
Markets were quiet ahead of Fisher & Paykel Healthcare's earnings on Wednesday.
Mid-cap transportation technology services company Eroad's shares rose 13.83%.
Shares gained strongly after the fleet-tracking firm delivered its full-year result.
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New Zealand's sharemarket largely ignored the Budget to end weaker.
The NZ sharemarket fell slightly with no apparent impact from Budget announcements.
The port revealed a special dividend after upgrading its forecast.
Serko shares tumbled nearly 8% after the firm disclosed an impairment.
Some analysts say the stock is oversold.
The Warehouse Group is trading close to record lows.