NZ sharemarket down after yesterday's gain

NZ sharemarket down after yesterday's gain
There were 74 gainers and 61 decliners on the main board. (Image: Getty)
Graham Skellern
An uncertain New Zealand sharemarket was again lower, giving up well-earned gains from the day before, but there was some bargain hunting in cyclical retail stocks. The S&P/NZX 50 Index trod softly and closed at 11,803.28, down 49.52 points or 0.42% after previously rising 0.48%.There were 74 gainers and 61 decliners on the main board, with 29.19 million shares worth $95.67m changing hands.Paul Robertshawe, chief investment officer with Octagon Asset Management, said the market was operating on heightened uncertainty with recent econom...

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