NZ sharemarket dips for the fourth day in a row

Synlait's decline in share price continued on Thursday. (Image: NZME)

Thu, 18 Jan 2024

The New Zealand sharemarket’s main index gave up more than a half percent – its fourth down day in a row – accompanied by another earnings warning, this time from Colonial Motor Company.After a weak day on Wall Street, the S&P/NZX 50 Index fell at the opening, kept sliding and closed at 11,687.18, down 79.85 points or 0.68%. The index has fallen 1.45% so far this week.The overall market featured 34 gainers and 88 decliners on volumes of 39.79 million share transactions worth $82.79m.In the United States, the Dow Jones Indu...

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