NZ market dips as election looms

News of a Sky takeover offer was a bright note on the market. (Image: Getty)

Fri, 13 Oct 2023

New Zealand share prices slipped again as investors took to the sidelines before the election, with a looming battle between Fletcher Building and Western Australia’s BGC and a possible bid for Sky TV being the main talking points.The S&P/NZX50 closed at 11,265.72, down 26.86 points or 0.24%.Turnover, worth $71.3 million, was again light. There were 66 gains and 57 falls among the 185 stocks traded.While Fletcher remained in a trading halt, the company mounted a stout defence against claims by the Australian building firm that its Ipl...

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