NZ sharemarket falls 1% ahead of long weekend

There were 58 gainers and 66 decliners over the whole market. (Image: Getty)

Thu, 27 Jun 2024

The New Zealand sharemarket fell 1% as business and consumer confidence weakened further, but inflation expectations were lower.The S&P/NZX 50 Index had a more volatile trading day and closed the shortened week at 11,717.43, down 117.58 points or 0.99% after a sharp dip in the end-of-day broker matching session. The index declined nearly 3% in the June quarter.There were 58 gainers and 66 decliners over the whole market on volumes of 53.16 million share transactions worth $188.58m. Infratil, about to be upweighted in the index, do...

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