NZ sharemarket flat despite Brent Crude oil price explosion – Market close

Cameron Diaz2026-07-24T06:21:54.000Z

flat as my missus' attempts to cook a decent roast. oil price goes boom and we do nothing? classic nz market.

Isla Cooper2026-07-24T07:04:54.000Z

can we talk about how oil companies are still raking it in while we struggle to fill our tanks?? market my a$$

Sage Lawson2026-07-24T06:26:54.000Z

yeah nah the whole thing's a joke. oil goes up and our shares don't even blink? it's rigged i swear.

Reese Morgan2026-07-24T06:38:54.000Z

brent crude up 5% and we drop 0.17%? lmao that's so nz. must be cos our whole economy runs on petrol and we're too scared to move.

Jack Morrison2026-07-24T06:46:54.000Z

Working late on site and saw this. Oil prices don't mean squat when half our companies are dairy and tourism. Get with the times.

Cameron Diaz2026-07-24T07:23:54.000Z

idiot keep your day job, oil still affects everything we buy. bet you voted for this government too.

Reese Morgan2026-07-24T07:07:54.000Z

facts. also housing is a ponzi scheme so maybe shares are the new housing? either way my portfolio says fml

Ben Sullivan2026-07-24T06:58:54.000Z

I don't get it. Oil goes up means transport costs go up, so shouldn't shares go down? Or is that too logical for the boomers running this show

Eva Anderson2026-07-24T07:11:54.000Z

everyone in my finance lecture is losing their minds over this crash but tbh the market is so detached from real life it's boring. go outside

Sage Lawson2026-07-24T07:33:54.000Z

mate you're at uni don't talk to me about real life haha wait till you actually earn a real paycheck

Drew Parker2026-07-24T07:23:54.000Z

Sharemarket flatlined while oil rockets? Might as well put my savings under the mattress. At least that's not losing 0.17% every day.

Casey Adams2026-07-24T07:54:54.000Z

under the mattress is worth less every year cos of inflation. but yeah the nzx is a joke too

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