NZ sharemarket: 'more falls than rises' as Auckland airport dominates trading

More than $270m worth of airport shares changed hands. (Image: Getty)

Mon, 09 Dec 2024

Auckland International Airport again dominated trading on the New Zealand sharemarket as passive investment funds were forced to buy the stock to rebalance their portfolios.The S&P/NZX 50 Index had a rocky day, trading between a low of 12,758.88 and a high of 12,880.32 before closing at 12,801.8, down 7.79 points or 0.06%.Auckland International Airport, hitting a 10-month high after gaining 22c or 2.71% to $8.34, had 32.85 million shares worth $274.66m changing hands amongst total volumes of 73.88m transactions worth $443.16m. 'Mor...

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