NZ sharemarket hits six-week low

Fletcher Building surged 25.3c or 9.18% to $3.01 after completing its $593m capital raising. (Image: Getty)

Tue, 24 Sep 2024

The New Zealand sharemarket slipped to a six-week low as investors sold blue-chip stocks Fisher and Paykel Healthcare and Ebos to help fund Fletcher Building’s big capital raise.The S&P/NZX 50 began falling at lunchtime and closed at 12,303.99, down 100.18 points or 0.81% after reaching an intraday high of 12,424.8. The index was at 12,319.06 points on Aug 13.Trading was heavy, with volumes of 65.1m million share transactions worth $212.66m.Fletcher Building surged 25.3c or 9.18% to $3.01 after completing its $593m capital raising fro...

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