Market Close: NZ sharemarket lower as Plexure falls 13%

Wed, 17 Nov 2021

The main New Zealand share index fell on Wednesday with mobile marketing firm Plexure posting a significant drop after it reported a hefty half-year loss this morning.The S&P/NZX 50 Index fell 65 points, or 0.5%, to 12837.40. Turnover was $168 million.Shares in Plexure Group dropped more than 13% to 45 cents as the company reported its net loss had risen to $8.5m in the six months ended September, up from $4.4m.The company’s new management told investors it had been expanding its staff and operations to win customers who never materia...

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