NZ sharemarket down ahead of big US election

Growing business confidence outweighed by other factors. (Image: Getty)

Thu, 31 Oct 2024

An uncertain New Zealand sharemarket was down for the second day running, but business confidence continues to improve, reaching a 10-year high.The S&P/NZX 50 Index had another roller-coaster ride and closed at 12,644.75, down 50.9 points or 0.39% after reaching an intraday high of 12,715.93 and low of 12,640.08.There were 51.3 million share transactions worth $209.66m.'Greater optimism'Greg Smith, head of retail with Devon Funds Management, said the market had a weak lead from Wall Street and it was waiting for the big events of th...

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