NZ sharemarket down over 1%

The market was led lower by Mainfreight. (Image: NZME)

Thu, 25 Jul 2024

The New Zealand sharemarket, with Mainfreight having one of its biggest single-day falls, was down 1% on the back of a big sell-off in the technology sector in the United States.After the early-morning decline, the S&P/NZX 50 Index traded steadily but then had a late fall and closed at 12,396.27, down 134.72 points or 1.08%. There were 53 gainers and 84 decliners on the main board, with 57.82 million shares worth $152.08m changing hands.Global marketsOn Wall Street, the technology-driven Nasdaq Composite had its worst trading day since...

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