NZ sharemarket down 0.77% for the week

(Image: Getty)

Fri, 05 Apr 2024

The New Zealand sharemarket had its fourth successive fall on light trading, and in a rare move, the regulator issued a caution over investing in Being AI shares.The S&P/NZX 50 Index did have a late rally in the matching session and closed at 12,012.24, down 23.02 points or 0.19%. The index fell 0.77% in the shortened week.There were 89 decliners and 46 gainers on the main board, with 28.16 million shares worth $81.81m changing hands.Shane Solly, portfolio manager with Harbour Asset Management, said the markets were unsettled by the increas...

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