NZ sharemarket continues to slide

The S&P/NZX 50 closed at 10,741.57, down 25.25 points or 0.23%. (Image: Getty)

Mon, 30 Oct 2023

The New Zealand sharemarket had its seventh successive fall as it continued to be battered by increased interest rates and a weak NZ dollar.The S&P/NZX 50 Index recovered slightly in the afternoon and closed at 10,741.57, down 25.25 points or 0.23%. The index has fallen in 10 of the last 12 trading days and is down more than 6.4% for the year.There were 72 decliners and 50 gainers on the main board, and trading was again light, with 20.49 million shares worth $61.54m changing hands.Jeremy Sullivan, investment advisor with Hamilton Hindin Gr...

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