Market close: NZX down nearly 1% as Middle East uncertainty lifts oil price

PremiumHome / Business / Markets / SharesUpdatedBusinessDesk7 Aug, 2026 06:02 AM4 mins to readT&G Global’s operating profit rose 30.3% to $11.6m in six months.T&G Global’s operating profit rose 30.3% to $11.6m in six months.The New Zealand sharemarket fell by nearly 1% on further uncertainty over the Middle East situation and a fresh rise in the oil price.

The S&P/NZX 50 Index dropped at the opening and traded steadily until a sharp decline in the brokers’ matching session to close at 13,824.13, down 133.93

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