NZ sharemarket dips in wake of govt announcements

Kathmandu shares had a bad day on the NZX. (Image: Kathmandu)

Wed, 20 Dec 2023

The New Zealand sharemarket had a late fall, unable to be inspired by the half-year economic update and mini-budget that lacked Christmas cheer.The S&P/NZX 50 Index seemed to be heading towards its third flat day in four till the matching session and closed at 11,579.8, down 37.57 points or 0.32%. There were 80 gainers and 45 decliners over the whole market on volumes of 326.34 million share transactions worth $95.09m.Greg Smith, head of retail at Devon Funds Management, said there weren't a lot of surprises in the mini-budget. &l...

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