Another day of falling prices on the stock exchange

Prices are continuing to fall. (Image: NZME)

Mon, 18 Mar 2024

The lacklustre New Zealand sharemarket fell for the sixth successive trading day – the second time in a month.After a down day on Wall Street, the S&P/NZX 50 Index fell sharply at the opening and had a late rise to close at 11,728.01, down 38.97 points or 0.33% after reaching an intraday low of 11,690.78.There were 51 gainers and 94 decliners on the main board with 28.62 million shares worth $101.22m changing hands.Matt Goodson, managing director of Salt Funds Management, said the index falling six days in a row sounds bad but is not...

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