NZ sharemarket dips in wake of govt announcements

NZ sharemarket dips in wake of govt announcements
Kathmandu shares had a bad day on the NZX. (Image: Kathmandu)
Graham Skellern
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...

More Markets

NZ sharemarket up 0.3% after three falls
Markets Market close

NZ sharemarket up 0.3% after three falls

The S&P/NZX 50 Index closed at 12,761.35, gaining 37.98 points or 0.3%.

Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

ForBarr raises Hallenstein Glasson target price 20%
Retail

ForBarr raises Hallenstein Glasson target price 20%

The outlook in the golden country is golden, they say.