NZ sharemarket dips as big stocks weigh despite KMD gains

NZ sharemarket dips as big stocks weigh despite KMD gains
A positive result from KMD Brands couldn't life the NZ sharemarket on Wednesday.
Tom Raynel
The New Zealand sharemarket closed down on Wednesday despite positive updates from KMD Brands, Napier Port and Radius Healthcare as larger weighted stocks made their impact.The S&P/NZX 50 Index closed down 0.12% or 15.92 points to 13,326.90 after 31 million shares worth $120.98 million were traded.The S&P/NZX 20 index was down 0.15%, closing at 7619.43 points, while the S&P/NZX 10 index ended the day at 12,704.57 after falling 0.12%.There were 62 gainers on the main board and 80 decliners.Generate investment specialist Greg Smith sa...

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