NZ sharemarket down 0.3% on quiet day

(Image: Getty)

Mon, 20 Jan 2025

A takeover offer for Millennium and Copthorne Hotels NZ brightened an otherwise quiet day on the New Zealand sharemarket that started the week with a 0.3% decline. After falling at the opening, the S&P/NZX 50 Index traded steadily and closed at 13,088.31, down 42.12 points or 0.32%. Volumes were light, with 16.72 million share transactions worth $59.62m.'Mix of inflation'Asian markets were strong following better-than-expected gross domestic product growth in China during the fourth quarter of last year. The economy g...

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