NZ sharemarket falls 1.5% as investors look to get cash for Auckland airport shares

There were 33.67 million share transactions worth $134.75m. (Image: Getty)

Wed, 04 Dec 2024

The New Zealand sharemarket slumped to one of its biggest single-day falls this year as investors rushed to free up funds and participate in Auckland International Airport’s $1.3 billion sale of stock. The S&P/NZX 50 Index slid gradually all day – the trading line looked like a downhill ski run – and closed at 12,896.67, falling 196.51 points or 1.5%. The index previously fell 1.55% on Oct 16 and 1.47% on Sept 20.Many blue-chip stocks tumbled as trading reached 33.67 million share transactions worth $134.75m.'...

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