Auckland airport a bright note in a dull day on the NZ sharemarket

Auckland airport share sale not enough to lift the wider market. (Image: AIA)

Fri, 01 Sep 2023

The hefty $830 million council sale of Auckland International Airport shares provided excitement for the New Zealand sharemarket but didn’t stop it from losing ground once more.Auckland airport aside, the S&P/NZX 50 Index was sluggish all day and closed at 11,528.73, down 25.75 points or 0.22%. The index was up more than 0.5% for the week.There were 45 gainers and 78 decliners over the whole market on trade of 136.83 million shares worth $995.29m.Auckland council sold a 7% stake (103.09m shares) out of its 18% holding in Auckland airp...

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