NZ market flattens out as KMD Brands falls almost 5%

The S&P/NZX 50 Index fell 19.7 points, or 0.2% to 11,324.82. (Image: Supplied)

Wed, 20 Sep 2023

New Zealand's benchmark share index dipped slightly as investors waited to hear what the US Federal Reserve said after its two-day meeting came to an end early Thursday morning NZ time.Closer to home, outdoor and sports retailer KMD Brands told the market that group sales jumped 12.6% to $1.1 billion – up from $979.8 million a year earlier – and the stock fell almost 5% in response to a weaker outlook.The S&P/NZX 50 Index fell 19.7 points, or 0.2%, to 11,324.82. Turnover was $105.2 million. There were 57 gainers and 74 decli...

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