
Market close: NZ sharemarket dragged down by F&P Healthcare
The New Zealand sharemarket fell nearly 0.5% as unemployment figures increased.
The New Zealand sharemarket fell nearly 0.5% as unemployment figures increased.
The NZX index shook off yesterday's 1.42% fall.
The New Zealand sharemarket slumped to its biggest single-day-fall since December 19.
The threat of Trump tariffs reared its head again for some businesses.
The New Zealand sharemarket posted its fourth decline in five trading days.
A late spurt helped the local index finish higher for the day.
Dairy processor's good day wasn't enough to help the sharemarket into positive territory.
But the local market is choppy on low liquidity and lack of specific corporate news.
US-listed Rocket Lab hit a record high, with its shares rising 30%.
Shares in the company rose $1.05 or 2.77% to $38.90, its second-highest close.
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Auckland airport, Tourism Holdings and Millennium and Copthorne Hotels NZ all rose.
The money wasn't real, but the research was.
Kiwi company failed to get backing for continued US Medicare payments for its cancer test.
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The decline comes after the index was up 11.4% in 2024.
The New Zealand stock exchange reported a decline as overseas markets led the way.
The New Zealand share market had a slight bump.
The S&P 500 and Nasdaq rose to record highs last year.
But the NZX index finished the year with a gain of 11.4%.
The index hit its highest point of the year after a late run.
Value of deals in 2024 was less than half the value of those the previous year.
NZ GDP falls 1% in September quarter; analysts expected 0.4% decline.
The local index is closing in on double-digit growth this year.
Business Editor-at-Large Liam Dann talks to Pie Funds founder and CIO Mike Taylor about what to expect from the year to come. Video / NZ Herald
It was an up and down day for the NZ sharemarket.
Leading gentailers Contact and Mercury kept moving in different directions.
The New Zealand sharemarket fell more than half a per cent.
OPINION: Ultimately, a public listing may be needed for it to reach a competitive scale.
The NZ sharemarket rose after falling on five of the last six trading days.