NZ sharemarket finishes week down more than 0.5%

(Image: Supplied)

Fri, 05 May 2023

A hesitant New Zealand sharemarket finished the week with a fall of more than half a percent as it awaits the latest round of company results and digests the recent interest rate rises.The S&P/NZX 50 Index was on a slippery slope throughout the session, declining from an early morning high of 11,997.96 and closing at 11,889.01, down 79.54 points or 0.66%.The index fell just over 1% for the week and is now up 3.2% for the year to date.There were 81 decliners and 40 gainers over the whole market, but for the second day running trading was exc...

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