NZ sharemarket plunges to lowest level in six months

NZ sharemarket plunges to lowest level in six months
Investors are worried about the state of the economy. (Image: Getty)
Graham Skellern
The New Zealand sharemarket plunged to its lowest level in six months as the weak economy continues to dampen investors’ appetite.After a steady morning, the S&P/NZX 50 Index fell sharply in the afternoon and closed at 11,525.88, down 92.21 points or 0.79%. The index has already fallen nearly 2% this week and is down 2.14% for the year to date. The previous lowest level was 11,475.77 points on Dec 13.Matt Goodson, managing director of Salt Funds Management, said following The Warehouse, Tourism Holdings, and Fletcher Building ear...

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The S&P/NZX 50 Index closed at 11,678.68, down 3.83 points or 0.03%.

Graham Skellern 29 May 2024