NZ sharemarket has quieter day after yesterday's swings

Commercial Bay developer Precinct Properties will increase its weighting in the NZX index now that 100% of its shares are available for trading. (Image: Supplied)

Graham Skellern

Fri, 01 Mar 2024

The New Zealand sharemarket settled back into steady trading after large volumes and sharp price movements the day before, which included index changes and the sale of a nearly 15% shareholding in Precinct Properties.The S&P/NZX 50 Index fell at the opening despite the Nasdaq Composite reaching a record close in the United States. The NZX index was helped by a late rise and finished up 2.9 points or 0.02% to 11,744.39 after reaching an intraday low of 11,683.4.The index ended a hectic week ahead by 0.2% and is down by the same amount for th...

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