NZ sharemarket pauses ahead of reporting season

An announcement from The Warehouse Group caught the market by surprise on Friday afternoon. (Image: NZME))

Fri, 17 May 2024

The New Zealand sharemarket closed down slightly ahead of reporting season getting into swing next week. The S&P/NZX 50 Index fell to a lunchtime low of 11,648.55 but recovered to close at 11,699.79, down 28.27 points or 0.2%. The index was down 0.45% for the week.There were 63 gainers and 73 decliners over the whole market on light trading of 25.1 million shares worth $89.12m.The sudden departure of The Warehouse Group (TWG) chief executive Nick Grayston caught the market's attention but the stock remained unchanged at an all-time low...

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