NZ sharemarket dips despite bright start to earnings season

Contact gave the earnings season a bright start. (Image: NZME)

Mon, 14 Aug 2023

The New Zealand sharemarket slipped slightly but leading gentailer Contact produced “a solid set of numbers” on the first day of the latest company reporting season.The S&P/NZX 50 Index was down 10.28 points or 0.09% to 11,826.42 after reaching an intraday low of 11,794.1.There were 90 decliners and 36 gainers over the whole market on volumes of 25.42 million share transactions worth $99.04m.Matt Goodson, managing director of Salt Funds Management, said the local market was a touch heavy but not as bad as Australia.The S&P/A...

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