NZ sharemarket drops for seventh time in eight days

There were 80 gainers and 63 decliners on the main board. (Image: NZME)

Mon, 08 Apr 2024

The New Zealand sharemarket fell for the seventh time in eight trading days, but Heartland Bank livened things up with expansion plans in Australia.The S&P/NZX 50 Index rose momentarily at lunchtime but closed down 38.64 points or 0.32% to 11,973.59. Over those eight days, the falls were mainly small, with the index down by 0.77%.There were 80 gainers and 63 decliners on the main board, with 26.94 million shares worth $97.98m changing hands.David McConnochie, investment adviser with Forsyth Barr, said the local market was in “wait and...

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