NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Markets

Market close: NZ shares close on quiet note but Port of Tauranga, Ryman Healthcare rebound

By Graham Skellern
NZ Herald·
10 Sep, 2021 05:52 AM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Ryman Healthcare, the country's biggest retirement village operator, increased 20c or to $15. Photo / NZME

Ryman Healthcare, the country's biggest retirement village operator, increased 20c or to $15. Photo / NZME

A directionless New Zealand sharemarket closed the week on a quiet note while keeping an eye on economic developments offshore – though two blue-chip stocks Port of Tauranga and Ryman Healthcare completed nice rebounds.

The S&P/NZX 50 Index drifted from an early morning high of 13.136.63 to close at 13,064.39, down 31.37 points or 0.24 per cent. The index fell more than 2 per cent for the week.

There were 100 decliners and just 44 gainers over the whole market and trading was light, with 39.41 million shares worth $165 million changing hands.

Greg Main, Jarden wealth management adviser, said that with very little corporate news the market was just consolidating after a good run. There doesn't seem to be a consistent theme in the market.

"It's watching offshore and looking for direction on liquidity and interest rates. The impact of Covid may have taken the sugar rush out of the economies and growth may have peaked."

Advertisement
Advertise with NZME.

Overnight the European Central Bank maintained its monetary policy of economic stimulus, but it did say it was slowing the pace of asset purchases under its pandemic emergency programme.

Main said the bank didn't want to cut support in the near term before seeing what the United States Federal Reserve does.

On Wall Street, the Dow Jones Industrial Average and S&P 500 posted their fourth successive day of losses as investors struggled to reconcile a hot jobs market with soaring Covid-19 cases that have blunted the economy's momentum.

Advertisement
Advertise with NZME.

That didn't worry Rocket Lab on the Nasdaq Composite, rising another US$5.63 ($7.90) or 37.31 per cent to US$20.72 and more than doubling since going public on August 25.

Port of Tauranga, the country's biggest port, rose 12c or 1.72 per cent to $7.10, and Ryman Healthcare, the country's biggest retirement village operator, increased 20c to $15. Both stocks have been under selling pressure lately. Summerset Group Holdings was down 10c to $14.92.

Global marketer a2 Milk also bounced back, rising 7c to $5.71. Retailer Kathmandu Holdings gained 4c or 2.82 per cent to $1.46, and Air New Zealand was up 1.5c to $1.545.

Turners Automotive increased 9c or 2.04 per cent to $4.50. Port companies South Port New Zealand gained 10c to $9.50, and Marsden Maritime Holdings was up 8c to $6.64.

Infratil increased 13.5c or 1.81 per cent to $7.60 after telling the market it has invested US$233m in establishing Singapore-based Gurin Energy which will participate in new wind and solar energy projects throughout Asia.

Gurin has an initial pipeline of projects in the Philippines, Vietnam, Thailand, Indonesia and Japan capable of producing a combined 500MW of renewable energy.

Chorus has been volatile recently and the telecommunications network operator fell 20c or 2.84 per cent to $6.85.

Energy company Meridian was down 7.5c to $5.105; Trustpower lost 17c or 2.19 per cent to $7.59; and Vector decreased 8c or 1.93 per cent to $4.06.

Advertisement
Advertise with NZME.

Ebos Group declined 20c to $34; Mainfreight shed 54c to $94; Serko dropped another 11c to $7.69; SkyCity Entertainment fell 4c to $3.28; and My Food Bag was down 3c or 2.16 per cent to $1.36.

The interest rate-sensitive property stocks were weak. Investore fell 4c or 1.99 per cent to $1.97; Property for Industry declined 4c to $2.955; Stride was also down 4c to $2.61; Argosy shed 3.5c or 2.09 per cent to $1.64; Vital Healthcare Property Trust also decreased 3.5c to $3.09; and Precinct Properties was down 1.5c to $1.675.

Carpet maker Bremworth's strong run slowed even more, falling 4c or 4.82 per cent to 79c; online personal lender Harmoney was down 6c or 2.99 per cent to $1.95; and seafood company Sanford lost 17c or 3.27 per cent to $5.03.

Other decliners were Rakon, down 6c or 5.13 per cent to $1.1; Heartland Group Holdings decreasing 4c to $2.24; Scott Technology falling 13c or 4.33 per cent to $2.87; and Pacific Edge shedding 3c or 2.11 per cent to $1.39.

Enprise Group, an investment vehicle for high-growth technology companies, fell 12c or 5.66 per cent to $2, after reaching $4 on July 23.

Synlait was down 5c to $3.10. The milk processor earlier told the market it has sold its Auckland property near the airport for $30.5m, after buying it in 2017 for $12.4m, and is leasing back the facilities for an initial term of 10 years.

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Markets

Premium
Shares

Market close: GDP beats forecasts but NZ sharemarket dips

19 Jun 06:24 AM
Premium
Shares

Market close: Geopolitical tensions keep NZ market flat, US Fed decision looms

18 Jun 06:09 AM
Premium
Currency

Kiwi dollar rises 7.5% as US dollar wanes under global shifts

18 Jun 03:59 AM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Markets

Premium
Market close: GDP beats forecasts but NZ sharemarket dips

Market close: GDP beats forecasts but NZ sharemarket dips

19 Jun 06:24 AM

The New Zealand sharemarket was flat today, with the NZX50 falling by 58.27 points.

Premium
Market close: Geopolitical tensions keep NZ market flat, US Fed decision looms

Market close: Geopolitical tensions keep NZ market flat, US Fed decision looms

18 Jun 06:09 AM
Premium
Kiwi dollar rises 7.5% as US dollar wanes under global shifts

Kiwi dollar rises 7.5% as US dollar wanes under global shifts

18 Jun 03:59 AM
Premium
Market close: NZX 50 down 0.4% as Israel-Iran conflict intensifies

Market close: NZX 50 down 0.4% as Israel-Iran conflict intensifies

17 Jun 05:48 AM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP