NZ sharemarket down following Warehouse downgrade

NZ sharemarket down following Warehouse downgrade
There were 31.37 million share transactions worth $138.69m. (Image: NZME)
Graham Skellern
The New Zealand sharemarket was lower on another downgrade from The Warehouse Group, which forecast its operating earnings plunging nearly 65% in 12 months.The S&P/NZX 50 Index had a lunchtime rise but couldn’t maintain the momentum and closed at 11,627.86, down 54.52 points or 0.47% after reaching an intraday high of 11,698.97. The index has now fallen nearly 1.2% so far this year.There were 93 decliners and 37 gainers over the whole market on volumes of 31.37 million share transactions worth $138.69m.The Warehouse Group fell 9c or 8...

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