NZ sharemarket falls nearly 0.5% at the start of a pivotal week

There were 29.39 million share transactions worth $120.05m. (Image: NZME)

Mon, 08 Jul 2024

A nervous New Zealand sharemarket fell nearly 0.5% at the start of a pivotal week for stocks, particularly Synlait Milk.The S&P/NZX 50 Index declined steadily all day and then had a sharp rise in the last half hour broker matching session to close at 11,745.53, down 49.28 points or 0.42% after reaching an intraday low of 11,692.19.There were 49 gainers and 73 decliners over the whole market on volumes of 29.39 million share transactions worth $120.05m.On Wednesday, the Reserve Bank will make its monetary policy review, and the market will b...

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