NZ sharemarket down 1.13% for the week

NZ sharemarket down 1.13% for the week
(Image: Getty)
Graham Skellern
An Israeli counter-attack on Iran sent sharemarkets into further turmoil, with New Zealand and its defensive stocks faring the best in terms of falls.The S&P/NZX 50 Index reached a lunchtime high of 11,823.12 points but slumped on the news of a strike on a military air base in central Iran. The index was again saved by the now familiar rise in the end-of-day matching session and closed at 11,796.21, down 39.83 points or 0.34% – its fourth fall this week.The index was down 1.13% for the week and is now 0.27% ahead for the year.&nb...

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