{"id":233633,"date":"2026-01-14T23:53:14","date_gmt":"2026-01-14T23:53:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/233633\/"},"modified":"2026-01-14T23:53:14","modified_gmt":"2026-01-14T23:53:14","slug":"nz-sharemarket-ends-volatile-day-up-0-7-market-close","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/233633\/","title":{"rendered":"NZ sharemarket ends volatile day up 0.7% \u2013 Market close"},"content":{"rendered":"

\u201cThe QSBO business confidence survey was another piece of evidence that the economy has turned a corner. Building consents have increased, and the market is well positioned to have a better year,\u201d Lister said.<\/p>\n

He said in the United States, it was comforting that inflation was a little softer, and investors will now be watching the latest reporting season.<\/p>\n

The US December consumer price index increased 0.2% and 2.6% year over year, below economists\u2019 forecasts of 0.3% and 2.8%, respectively. However, Wall Street was lower as the fourth-quarter earnings reporting season got underway. <\/p>\n

The Dow Jones Industrial Average declined 0.8% to 49,191.99 points; the S&P 500 was down 0.19% to 6,963.74; and the Nasdaq Composite eased 0.1% to 23,709.87.<\/p>\n

JP Morgan, the first to report, declined 4.19% to US$310.90 ($541.25) after meeting revenue targets, but investment banking fees declined 5%. Goldman Sachs, Mastercard and Visa were also down.<\/p>\n

The banking industry there is concerned about President Donald Trump\u2019s latest move to impose a 10% cap on credit card interest rates for one year.<\/p>\n

In Japan, the Nikkei 225 Index surged to an all-time high after gaining a further 1.57% to 54,388.16 points (at 6pm NZ time) on rumours that Prime Minister Sanae Takaichi<\/a> will be calling a snap election to strengthen her parliamentary mandate.<\/p>\n

A US$135.5 billion economic stimulus and a weakening yen to its lowest level in nearly 18 months have sparked global investor attention. The stimulus package aimed to boost Japan\u2019s slowing economy and support inflation-hit consumers, and investors believe a snap election \u2013 Takaichi has 70% approval ratings \u2013 could deliver economic stability with her \u201cresponsible and proactive fiscal spending\u201d.<\/p>\n

Back home, among leading stocks, Infratil<\/a> was up 31c or 2.75% to $11.60; a2 Milk gained 21c or 1.97% to $10.85; Mainfreight collected 77c to $69.57; and Spark rebounded 6c or 2.65% to $2.32.<\/p>\n

In the energy sector, Contact added 9c to $9.27, and Vector increased by 13c, or 2.73%, to $4.90. <\/p>\n

Turners Automotive hit an 18-year intraday high of $8.43 but finished the day down 1c to $8.30. Turners\u2019 all-time closing high was $26 in September 2004, and its all-time low was 54c in July 2009.<\/p>\n

Lister said Turners continues to deliver by growing earnings and finding new growth opportunities.<\/p>\n

\u201cThey are proving the doubters wrong, though there\u2019s not many of them. They sell used cars and have been through a three-year recession, yet they keep performing against a challenging backdrop. I find that really interesting, and it\u2019s a reflection of the management running the business well and knowing their market and customers.<\/p>\n

\u201cEven at the present share price level, Turners are far from done, and there\u2019s plenty of growth ahead of them.\u201d<\/p>\n

Other gainers were SkyCity, up 2.5c or 2.65% to 97c; Tower, up 4c or 2.05% to $1.99; and Winton Land, up 4c or 1.75% to $2.32.<\/p>\n

Among tech stocks, Blackpearl Group rose 4.5c or 4.76% to 99c; ikeGPS added 5c or 4.59% to $1.14; Solution Dynamics was up 2.5c or 3.55% to 73c; and Eroad gained 5c or 4.13% to $1.26. <\/p>\n

Ebos Group was down 27c to $26.40; Sanford fell 31c or 4.1% to $7.25; Heartland Group shed 3.5c or 2.85% to $1.19; and Michael Hill retreated 1c or 1.98% to 49.5c.<\/p>\n

Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe QSBO business confidence survey was another piece of evidence that the economy has turned a corner. Building…\n","protected":false},"author":2,"featured_media":233634,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138493,74,28119,138,651,5972,8532,4726,36090,71,129,527,50218,225,111,139,69,37736,1974,1125,103489,810,1352,102,80],"class_list":["post-233633","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-138493","tag-after","tag-amp","tag-business","tag-close","tag-day","tag-ended","tag-ends","tag-fisher","tag-from","tag-gaining","tag-healthcare","tag-heavyweight","tag-market","tag-new-zealand","tag-newzealand","tag-nz","tag-paykel","tag-record","tag-sharemarket","tag-tracked","tag-up","tag-volatile","tag-with","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/233633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=233633"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/233633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/233634"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=233633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=233633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=233633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}