NZ sharemarket falls as investor await Reserve Bank news

The Reserve Bank is releasing its latest monetary policy statement this week. (Image: Getty)

Mon, 27 Nov 2023

Comvita fell more than 11% on an earnings downgrade, and the New Zealand sharemarket dropped a half percent ahead of the Reserve Bank of NZ’s latest monetary policy statement.The S&P/NZX 50 Index declined 55.42 points or 0.49% to 11,155.79, with a sharp fall in the last hour of trading after reaching an intraday high of 11,218.02.There were 34 gainers and 96 decliners on the main board, with 20.59 million shares worth $81.69m changing hands.David McConnochie, investment adviser with Forsyth Barr, said the market was soft and waiting o...

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