NZ sharemarket down 0.6%

Investors wary ahead of inflation data. (Image: Getty)

Mon, 14 Oct 2024

A tentative New Zealand sharemarket opened the week with a fall of more than 0.5%, led down by blue-chip stocks, as investors awaited the latest inflation data.The S&P/NZX 50 Index gradually slid throughout the day and closed at 12,766.75, down 78.89 points or 0.61%. The index reached a midday high of 12,845.64 points.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said wholesale interest rates increased slightly and this affected yield stocks. There was also a lack of detail around the latest Chinese economic stimulus, and...

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