NZ market peters out in slow start to year

The sharemarket still seems to be on a summer holiday. (Image: Deposit Photos)

Fri, 05 Jan 2024

The New Zealand sharemarket ended its first abbreviated week of trading on a down note as the summer holidays kept trading thin. The benchmark S&P/NZX 50 Index ended the three-day week down 0.2% as it fell 10.63 points, or 0.1%, to 11,748.48 today. Across the main board, 50 stocks fell and 71 rose, with 19.1 million shares changing hands on a turnover of $53.4m. “The market’s driving in a fairly subdued start to the new year after a pretty blistering end in the last couple of months,” said Greg Smith, head of ret...

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