{"id":505766,"date":"2026-07-02T06:57:14","date_gmt":"2026-07-02T06:57:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/505766\/"},"modified":"2026-07-02T06:57:14","modified_gmt":"2026-07-02T06:57:14","slug":"new-zealand-shares-edged-lower-kmd-brands-completes-25-for-1-share-consolidation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/505766\/","title":{"rendered":"New Zealand Shares Edged Lower; KMD Brands Completes 25-for-1 Share Consolidation"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/FA356BCE11DDFA037D8E6C64EE190E62A485E27F9158F8E7AD979FC98E84AA95\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fmt_newswires_au_792%2Faa60b555ef15cae2b56eac352e00670d\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"MT Newswires - Shutterstock\" height=\"403\" width=\"768\" class=\"yf-lglytj loader\"\/><\/a> MT Newswires -Shutterstock           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">New Zealand shares edged lower on Thursday, while most Asian markets were down following Wall Street&#8217;s Wednesday sell-off.<\/p>\n<p>The S&amp;P\/NZX 50 Index fell 0.21% or 28.31 points to close at 13,582.19.<\/p>\n<p>On Wednesday, the S&amp;P 500 fell 0.2%, and the Nasdaq Composite lost 0.7%, dragged down by a sell-off in semiconductor shares as the index for chipmakers, PHLX Semiconductor, fell past 6%.<\/p>\n<p>Meanwhile, the US and Iran wrapped up a round of indirect talks on Wednesday with little sign of progress toward a lasting peace, instead discussing issues they said had already been settled under an interim agreement announced two weeks earlier, according to a Wednesday Reuters report.<\/p>\n<p>In domestic news, New Zealand property values slid in June as Middle East-related tensions spilled over into economic uncertainty, weakening sentiment, Cotality said.<\/p>\n<p>Also, New Zealand&#8217;s seasonally adjusted new dwellings consents fell 4% to 3,661 in May from 3,814 in the previous month, according to Stats NZ data.<\/p>\n<p>In corporate news, KMD Brands (ASX:KMD, NZE:KMD) said its 25-for-1 share consolidation, which took effect on Wednesday, has now been completed.  <\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock New Zealand shares edged lower on Thursday, while most Asian markets were down following Wall&hellip;\n","protected":false},"author":2,"featured_media":502271,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11366,2711,111,43,139,69],"class_list":["post-505766","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-asian-markets","tag-nasdaq-composite","tag-new-zealand","tag-news","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/505766","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=505766"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/505766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/502271"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=505766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=505766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=505766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}