NZ sharemarket continues sliding, down 0.5%

The market was soggy like the weather. (Image: Getty)

Thu, 12 Dec 2024

The New Zealand sharemarket slipped more than 0.5%, while telco Spark has now netted $1.2 billion from exiting the mobile towers business.The S&P/NZX 50 Index slumped in the afternoon and closed at 12,692.72, down 68.47 points or 0.54% after reaching a morning high of 12, 779.54.Trading was lighter, with 35.88 million shares worth $136.21m changing hands.'Quite tight'Greg Smith, head of retail with Devon Funds Management, said the market was soggy like the weather and “as we head into the quiet holiday period, volumes will con...

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