NZ sharemarket dips despite positive earnings reports

There were 26.56 million share transactions worth more than $112.77 million. (Image: NZME)

Tue, 21 May 2024

Strong earnings results from Infratil and Turners Automotive, reporting a record year, could not stem a half a percent fall on the New Zealand sharemarket.The S&P/NZX 50 Index was on a gradual slide all day and closed at 11,675.99, down 59.72 points or 0.51%.There were 73 gainers and 58 decliners over the whole market on volumes of 26.56 million share transactions worth more than $112.77m.Utilities investor Infratil declined 55c or 4.89% to $10.70 on trade worth $19.24m, after reporting a 75.7% rise in revenue to $3.323 billion and 50.6% in...

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