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

Fri, 02 Jun 2023

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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