NZ sharemarket falls 1% led down by Spark share collapse

NZ sharemarket falls 1% led down by Spark share collapse
Poor results spark investor flight. (Image: Getty)
Tom Raynel
The New Zealand sharemarket dropped nearly 1% today after investors voted with their feet following the release of Spark’s half-year result, resulting in a significant value drop.The S&P/NZX 50 Index closed down 0.99% or 127.78 points falling to 12,752.58 with 53,197,662 shares changing hands to the value of $196.95 million.The market was dragged down by the S&P/NZX10 index stocks.There were 46 gainers on the main board and 92 decliners.'Weakness across the board'Spark was the story of the day, with its share price falling...

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