High flying Air NZ does not lift the sharemarket

Strong results from Aukland airport and Air NZ did not lift the market (Image: DepositPhotos)

Thu, 24 Aug 2023

Uncertainty crept back into the New Zealand sharemarket, down more than half a percent, despite solid financial results from high-flying Air NZ and Auckland International Airport.The S&P/NZX 50 Index dipped in the early afternoon and closed at 11,502.13, declining 69.8 points or 0.6%.There were 68 gainers and 66 decliners on the main board, with 28.33 million shares worth $96.31m changing hands.Jeremy Sullivan, an investment advisor with Hamilton Hindin Greene, said the general election was approaching quickly and business confidence was lo...

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