NZ sharemarket rises as honeymaker shares turn sour

There were 52 gainers and 78 decliners on the main board. (Image: Getty)

Thu, 01 Feb 2024

Manuka honey producer Comvita plunged to a 12-year low on the New Zealand sharemarket with an earnings downgrade, and SkyCity Entertainment was on the rise after achieving a regulatory settlement.The S&P/NZX 50 Index again went opposite to Wall Street and gained a healthy 44.68 points or 0.38% to 11,916.78 after a strong afternoon trading session.There were 52 gainers and 78 decliners on the main board, with 25.21 million shares worth $94.91m changing hands.The US markets were disappointed when Federal Reserve chair Jerome Powell said March...

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