NZ sharemarket fall reflects worried investors

(Image: Getty)

Wed, 10 Jan 2024

The New Zealand sharemarket gave back more than half of the previous day’s gains as investors once again worried about the future path of interest rates and the slowing economy. The S&P/NZX 50 Index fell at the opening after a mixed day on Wall Street and then slid further to close at 11,769.4, down 74.99 points or 0.63% after gaining 0.93% the day before.Trading was quiet, with 16.48 million shares worth $49.98m changing hands, and there were 40 gainers and 75 decliners over the whole market.Shane Solly, portfolio manager with H...

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