NZ sharemarket declined almost 2% this week

(Image: Getty)

Fri, 06 Dec 2024

The New Zealand sharemarket fell nearly 2% for the week after having to soak up the $1.3 billion sale of Auckland International Airport shares, with the airport now increasing its influence on the index.The S&P/NZX 50 Index was weaker in the afternoon on Friday and closed at 12,809.59 points, down 87.36 points or 0.68%. The index declined 1.97% for the week and is ahead just over 9% for the year to date.Trading was lighter, with 32.3 million shares worth $135.47m changing hands.'Without a meaningful change'Shane Solly, portfolio man...

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