NZ market falls 1.7% this week as it stutters into earnings season

Across the main board, 91 stocks gained, 43 declined. (Image: Getty)

Fri, 09 Aug 2024

New Zealand’s stock market slipped into the red in late trading, rounding out a 1.7% decline this week as fears over the strength of the US economy injected volatility into global markets.The S&P/NZX 50 Index fell 13.82 points, or 0.1%, to 12,243.46. Across the main board, 91 stocks gained, 43 declined, and 45 were unchanged. Turnover was $86.9 million in relatively light trading, with just six companies experiencing volumes of more than a million. The week started with a bang on Monday when Japan’s Nikkei 225 experienced i...

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