
Market close: NZ sharemarket drops 1% as global markets remain 'messy'
Analyst Greg Smith said that the global markets continue to remain messy.
Analyst Greg Smith said that the global markets continue to remain messy.
NZX in the red as markets across the ditch continue their rebound.
Pacific Edge shares fell 23.68% after Cxbladder lost US Medicare coverage.
Market turbulence is seen as more than a bout of volatility.
The NZ sharemarket had risen 0.51% after trading today.
Ryman Healthcare shares fell after underwriters sold shares at a loss.
Gold has set a series of records in recent weeks.
Turmoil in the US continues to put downward pressure on the NZ share market.
Dow, Nasdaq slide more than 3%.
Nasdaq slides 4.5% after Powell's warning.
New Zealand stocks ended strongly, despite earnings downgrades and offshore trends.
Trump accuses Beijing of reneging on a deal with US aviation giant.
Investors remain cautious as Trump effect continues. NZME falls 2.7%
The S&P/NZX 50 Index rose 0.74% to 12,107.54 as 90 stocks gained.
The S&P 500 fell 10.5% over two days after Trump's tariff announcement.
Ebos Group fell 6.38% to $36.10 after a $217m institutional placement.
Volatility in stock and bond markets has surged following President Donald Trump’s tariff announcement. Sean Keane explains why. Video / Alyse Wright
Mainfreight rebounded $4.84 or 8.57% to $61.34, reaching a high of $62.50.
PLUS: The sector that will 'escape a direct hit'.
The NZX 50 Index plummeted 3.68% to 11,775.88, its worst drop since March 2020.
The NZ market is down more than 3% and the Australian market has plunged 6.3%.
The US$6.6t two-day rout is only rivalled by 2020's pandemic meltdown and the GFC
The S&P/NZX 50 closed at 12,225.28, down 113.29 points or 0.92%.
More volatility is predicted to be in store as the day progresses.
The S&P/NZX 50 Index recovered to close at 12,338.57, up 0.15%.
Analyst calls the sales figures 'a disaster on every metric'.
Reaction to policies will be visible on the NZX as it opens before other exchanges.
The S&P/NZX 50 Index closed at 12,312.6, up 42.6 points or 0.35%.
Airport's share prices rises as its weighting on S&P index increases.
In the final episode of Market Watch, we look back at nine years of share market growth.