Continuing surprises drive NZ sharemarket down for sixth day

(Image: Getty)

Thu, 15 Feb 2024

The New Zealand sharemarket doesn’t like surprises, and it got another one with the resignation of long-time Skellerup Holdings chief executive David Mair.The S&P/NZX 50 Index fell for the sixth day running and closed at 11,640.04, down 21.28 points or 0.18%. The index has now fallen nearly 1.3% for the year.There were 66 gainers and 73 decliners on the main board, with 35.76 million shares worth $121.08m changing hands.Mair’s resignation followed those at Fletcher Building the day before – CEO Ross Taylor and chairman Bru...

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