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 drifts flat as Fed decision looms
Markets Market Close

NZ sharemarket drifts flat as Fed decision looms

The S&P/NZX 50 Index closed down 0.05% or 6.5 points.

If Māui closes, Methanex's future is murky says Fuge
Markets

If Māui closes, Methanex's future is murky says Fuge

A constant state of unease is needed in the energy sector says Contact boss.

Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out.