NZ sharemarket falls to near nine week low

There were 81 decliners and 52 gainers over the whole market. (Image: Getty)

Thu, 09 May 2024

An uncertain New Zealand sharemarket fell to its lowest level in nearly nine weeks, with many leading stocks being hit.The S&P/NZX 50 Index continued to slide all day until a late rise in the broker matching session and closed at 11,746.59, down 36.3 points or 0.31% – its fifth fall in seven trading days. The index sat at 11,744.39 on March 1.There were 81 decliners and 52 gainers over the whole market on volumes of 25.56 million share transactions worth $88.48m.'Not bad at all'David McConnochie, investment adviser with Forsyt...

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