NZ sharemarket ends day down but Hallenstein Glasson reports solid annual result

The New Zealand sharemarket was hampered by end-of-quarter portfolio rebalancing in late heavy trading, while Hallenstein Glasson reported a solid annual result.The S&P/NZX 50 Index reached an intraday high of 12,504.89 but fell in the flurry of the broker matching session, closing at 12,423.82 – down 33.59 points or 0.27%. A total of 65.04 million shares worth $294.3 million were traded.Hallenstein Glasson increased 20c or 3.23% to $6.40 after reporting a 6.3% increase in revenue to $435.63m and net profit of $34.48m, up 7.9%, for th...