NZ sharemarket down nearly 0.2%

The New Zealand sharemarket drifted at the start of the week, led down by heavyweight Fisher and Paykel Healthcare, as it awaited this week’s official cash rate decision and an expected cut of 50 basis points to 4.75%The S&P/NZX 50 Index was solid in the morning following a strong showing on Wall Street on the back of a better-than-expected jobs report. But the NZX 50 slipped in the afternoon and closed at 12,596.87, down 23.07 points or 0.18%, after reaching an intraday high of 12,629.07.Volumes were steady with 28.38 million shares...