NZ sharemarket see-saws with near 1% fall

(Image: Getty)

Thu, 11 May 2023

The New Zealand sharemarket continued its see-sawing act with a near 1% fall and leading stocks were trimmed ahead of the latest reporting season.The S&P/NZX 50 Index fell steadily all day and closed at 11,887.76, down 99.54 points or 0.83% after gaining 0.82% the day before. It’s been a similar pattern for the past month – up one day and down the next.There were 82 decliners and 44 gainers on the main board with 23.8 million shares worth $109.94m changing hands.Greg Smith, head of retail with Devon Funds Management, said there&...

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