NZ sharemarket drifts down in holiday mode

There were 54 gainers and 78 decliners over the whole market. (DepositPhotos)

Mon, 15 Jan 2024

The New Zealand sharemarket was still in holiday mode on Monday, starting the new week on lighter than normal trading and a fall of more than half a percent, as many offices began reopening.The S&P/NZX 50 Index continued to drift lower on surprisingly small volumes and closed at 11,772.9, down 85.4 points or 0.72%.There were 54 gainers and 78 decliners over the whole market, with 14.25 million shares worth $42.4m changing hands.Matt Goodson, managing director of Salt Funds Management, said there were a lot of small movements on very light t...

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