Mixed bag of results takes NZ sharemarket down 0.5%

There were 68 gainers and 72 decliners on the main board. (Image: Getty)

Tue, 28 May 2024

New Zealand sharemarket drifted to a fall of more than half a percent on a mixed bag of local company results – though the commercial property sector is showing signs that valuations are settling.The S&P/NZX 50 Index was solid in the morning but fell away in the afternoon to close at 11,682.51, down 73.49 points or 0.63%, after reaching an intraday high of 11,779.86.The steady trading of 34.52 million shares worth $116.42m produced 68 gainers and 72 decliners on the main board.There were few leads from overseas, with the United States...

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