
Market close: Blue-chip stocks back in favour as sharemarket rises
But the S&P/NZX 50 index remained down 1.25% for the week.
But the S&P/NZX 50 index remained down 1.25% for the week.
Channel Infrastructure counters positive GDP bump.
GDP data out tomorrow will reveal if NZ is out of recession.
Fisher and Paykel Healthcare fell nearly 2% on heavy trading.
A2 Milk soars, Smartpay surges amid takeover bids, NZ stocks dip.
Some employees say their retirement funds have disappeared due to dilution.
The latest on the markets.
The sell-down in the US markets continued.
Wall St stocks plummeted as investors fretted tariffs could lead to a recession.
The local index was green for the first day this week.
The local index fell for a third consecutive day.
Fisher & Paykel Healthcare shares fell 1.21% to $33.47 amid tariff concerns.
A cautious New Zealand sharemarket posted a near 0.5% fall.
Liam Dann and Pie Funds chief investment office Mike Taylor analyse the market outlook
The local index was up 60.55 points or 0.48%.
Volumes were strong and cyclical stocks continue to recover.
The local index was supported by improved company results.
Ryman Healthcare was in the glare for the second day running, dragging the benchmark down.
The benchmark NZX50 fell nearly 1%.
SkyCity Entertainment Group and Auckland International Airport help drag market down.
NZ stocks ended slightly down with Fletcher Building outperforming after the OCR cut.
The S&P/NZX 50 Index closed at 13,051.12, down 17.81 points or 0.14%.
The index finished the week ahead by nearly 0.7%.
And US inflation comes in hotter than forecasts had expected.
All eyes were on Contact Energy and Mercury.
Vulcan Steel kicked off the reporting season on a disappointing note.
Liam Dann talks tariff turmoil with Pie Funds CIO Mike Taylor.
Business Editor-at-Large Liam Dann talks to Pie Funds CIO Mike Taylor about what to expect in global markets with Trump's tariff's looming and Chinese AI disrupting tech.
Trading was solid on the NZ sharemarket the day after the Waitangi public holiday.