NZ sharemarket falls 0.6% after Monday's surge

A total of 46.45 million shares worth $172.48m changed hands following $1.9b on Monday. (Image: NZME)

Tue, 26 Nov 2024

The New Zealand sharemarket gave back half of the gains from the day before – when record volumes were traded – but software firm Gentrack surged to a new all-time high.The S&P/NZX 50 Index fell early, never recovered and closed at 13,113.19, declining 82.89 points or 0.63% following Monday’s rise of 1.18% on trade worth more than $1.9 billion. A total of 46.45 million shares worth $172.48m changed hands.Paul Robertshawe, chief investment officer with Octagon Asset Management, said it was a broad sell-off from the day...

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