Fletcher Building pulls NZ market lower

The S&P/NZX 50 Index fell 80.6 points, or 0.72%, to 11,185.08. (Image: Getty)

Mon, 16 Oct 2023

New Zealand’s benchmark index fell almost 1% on the first day of market trading following the National party claiming victory at the 2023 election on Saturday night.The S&P/NZX 50 Index fell 80.6 points, or 0.72%, to 11,185.08. Turnover was $80.3 million. There were 48 gainers and 81 decliners on the main board.Peter McIntyre at Craigs Investment Partners said the market hadn’t experienced the jump that investors thought might happen after the change in government – but the leadership change would be working its way throug...

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