Fletcher and election uncertainty makes for a quiet sharemarket

The S&P/NZX50 index finished at 11,292.580, down 13.86 points or 0.12%. (Image: Getty)

Thu, 12 Oct 2023

Uncertainty surrounding Fletcher Building and the upcoming general election made for a quiet day’s trading on the sharemarket on light volume.The S&P/NZX50 index finished at 11,292.580, down 13.86 points or 0.12%.Turnover was $91.03 million, and there were 79 gainers and 47 falls among the 185 stocks traded.Most of the talk in the market was around Fletcher Building (FBU), which went into a trading halt on Wednesday pending more clarity around a claim from Western Australia’s biggest home builder, BGC, over plumbing failures ari...

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