Buyers shun market and shares dip

Buyers shun market and shares dip
(Image: Getty)
Graham Skellern
Buyers, so prevalent the day before, disappeared and the New Zealand sharemarket lost ground today. But the latest Australian consumer price index gave hope that central banks may be winning the battle against inflation.After a sharp fall at the opening, the S&P/NZX 50 Index did have a recovery in the last half-hour matching session and closed at 11,736.75, down 34.52 points or 0.29%.There were 54 gainers and 74 decliners on the main board with 81.76 million shares worth $124.73m changing hands.Inflation in Australia fell for the second suc...

More Markets

JB Hi-Fi continues NZ charge, plans three more stores
Retail

JB Hi-Fi continues NZ charge, plans three more stores

The electronics retailer wants 26 stores in New Zealand by the end of next year.

PEP buys 75% of Spark datacentres
Markets

PEP buys 75% of Spark datacentres

The deal is bigger than expected and at the low end of valuations.

Rakon's Robinson standing 'to do one thing'
Markets

Rakon's Robinson standing 'to do one thing'

Brent Robinson has laid out his vision for Rakon as he campaigns to lead its board.