
Market close: Carpet maker Bremworth in attempted board coup
A cautious New Zealand sharemarket posted a near 0.5% fall.
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.
Other retirement village stocks were hit hard on the news of Ryman's equity raise.
Asset sales back in the spotlight: Economic growth vs public control.
The benchmark NZX50 fell nearly 1%.
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.
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.
Liam Dann talks tariff turmoil with Pie Funds CIO Mike Taylor.
Trading was solid on the NZ sharemarket the day after the Waitangi public holiday.
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%.
Investors are trying to figure out what Trump's policies will mean for the markets.
The market still declined despite the corporate action.
Shares in the company rose $1.05 or 2.77% to $38.90, its second-highest close.
Plus: The hottest stocks investors are buying.
Auckland airport, Tourism Holdings and Millennium and Copthorne Hotels NZ all rose.