NZ sharemarket falls 1%

(Image: NZME)

Tue, 16 Apr 2024

The New Zealand sharemarket, down 1%, had its biggest single-day decline in four months. But it wasn’t as bad as the widespread selling and falls offshore.The S&P/NZX 50 Index battled gamely on light trading to close at 11,804.84, down 111.94 points or 0.94%. The previous largest single-day fall was 1.07% on Nov 16.There were 104 decliners and just 35 gainers on the main board, with 21.04 million shares worth $80.22m changing hands.Across the Tasman, the S&P/ASX 200 Index had fallen 1.68% to 7,622.1 points at 6pm NZ time. The Hong...

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