
Market close: Pacific Edge slumps amid weak NZ sharemarket
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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.
There was continued interest in Contact and Mercury ahead of an index change.
It was a soft start to the year on worries about higher bond rates.
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%.
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.
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The NZ sharemarket rose after falling on five of the last six trading days.
The heavy trading in Auckland International Airport continued.
The New Zealand sharemarket's trading line looked like a downhill ski run.
The local index lacked any real direction.
Chorus came out firing with a pledge to be more competitive.
The New Zealand sharemarket fell more than 1%.
Watch: Liam Dann talks to Mike Taylor about the outlook for the share market.
Turners Automotive provided the local index with more confidence and strength.
A2 Milk shares surge to help lift local market higher.
Investors are waiting for next week's pivotal interest rate decision.
The local market was directionless as it snapped its positive start to the week.
The New Zealand sharemarket reached its highest level in a month.
The local index staged a turnaround.