NZ sharemarket down 0.5%

There were 81 decliners and 61 gainers on the main board. (Image: Getty)

Wed, 03 Apr 2024

The New Zealand sharemarket tumbled 0.5% as investors became nervous about the timing of interest rate cuts. The S&P/NZX 50 Index was rescued with a late rise in the matching session and closed at 12,040.49, down 55.35 points or 0.46%, after reaching an intraday low of 11,956.92 following big falls on Wall Street. There were 81 decliners and 61 gainers on the main board, with 32.09 million shares worth $115.35m changing hands.The markets were jittery following recent strong economic data in the United States, sending the US 10 Yea...

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