NZ sharemarket dips despite solid results

NZ sharemarket dips despite solid results
There were 82 decliners and 46 gainers on the market. (Image: Getty)
Graham Skellern
An unforgiving New Zealand sharemarket slipped further on another busy day of company reporting that again saw a bunch of solid results.The S&P/NZX 50 Index never got into gear and closed at 11,443.5, down 34.47 points or 0.3%. The index finished the week with a decline of 1.23% and is down nearly 5% this month – the weakest since January last year. It is also flat for the year.There were 82 decliners and 46 gainers on the main board, with 25.85 million shares worth $87.7m changing hands.Mark Lister, investment director with Craigs In...

More Markets

Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Methanex deal latest co-operative move for energy security
Markets

Methanex deal latest co-operative move for energy security

Sector facing regulatory threats and energy shortfall is banding together.