sharemarket

New Zealand’s stock market stepped back from recent highs on Thursday, with the S&P/NZX 50 Index falling 0.54% (‑73.86 points) to close at 13,597.87, after touching an intraday high above 13,700. Investing.com The move came as investors “sold the news” on infrastructure heavyweight Infratil, which tumbled despite delivering a solid half‑year result, while logistics giant Mainfreight and casino operator SkyCity surged on heavy volume. Broader sentiment was shaped by cautious domestic spending data, a weaker day for Australian equities, and improving global risk appetite as the US government shutdown ended. investingLive+3NBR News+3Trading Economics+3 Key takeaways from the New Zealand stock