Fletcher, US CPI cast shadow over NZ sharemarket

Fletcher result helped weigh down the local marker. (Image: Getty)

Wed, 14 Feb 2024

Fletcher Building’s $120 million half-year loss and executive resignations sent the New Zealand sharemarket into a spin, posting a fall of more than a half percent.The S&P/NZX 50 Index was saved by a late rise after earlier falling more than 1.1% and closed at 11,661.32, down 78.35 points or 0.67%. The index has fallen 1.7% in three trading days.There were 95 decliners and 42 gainers over the whole market on volumes of 34.16 million share transactions worth $109.71m. Fletcher Building dominated the trading with 8.26m shares worth $29....

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