NZ sharemarket down 0.29%

There were 86 gainers and 62 decliners. (Image: Getty)

Mon, 29 Jul 2024

Manuka honey producer Comvita slumped on its fourth earnings downgrade in eight months, but the New Zealand sharemarket hung in with a small fall.The S&P/NZX 50 Index fluctuated between 12,308.34 and 12,353.64 before closing at 12,313.62, down 35.85 points or 0.29% following a late dip.There were 86 gainers and 62 decliners over the whole market on volumes of 46.25 million share transactions worth $112.76m.Comvita fell 10c, or 8.2%, to a 15-year low of $1.12 after reporting an unaudited full-year net loss of $16.8m, compared with a $13.1 m...

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