NZ sharemarket declines as investors run out of puff

The S&P/NZX 50 closed at 12,723.37, down 78.43 points or 0.61% (Image: Getty)

Tue, 10 Dec 2024

The New Zealand sharemarket lost momentum in the afternoon and declined 0.6%, while across the Tasman the Reserve Bank has now kept interest rates on hold for a year.The S&P/NZX 50 Index reached a morning high of 12,863.84 but closed at 12,723.37, down 78.43 points or 0.61%. There were 37.78 million share transactions worth $194.11 million.Mark Lister, investment director with Craigs Investment Partners, said the Auckland International Airport share sale took some of the steam out of share prices.“The market is in a holding pattern ti...

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