Investors take an early long weekend as the NZX drifts

Investors take an early long weekend as the NZX drifts
It seems stock investors had one eye on the King's Birthday long weekend as the market drifted on Friday. (Image: Getty)
Graham Skellern
Investors sat back and looked ahead to the King’s Birthday Weekend break as the New Zealand sharemarket drifted to a small loss.There was a moment when the S&P/NZX 50 Index rose sharply at lunchtime, reaching a high of 11,930.22. But the index sold off in the afternoon and closed at 11,880.9, down 35.22 points or 0.3%.The index was slightly ahead for the week and is up about 3.3% for the year so far.There were 75 gainers and 58 decliners on the main board with 26.29 million shares worth $104.36m changing hands.Shane Solly, portfolio m...

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