NZ sharemarket slips ahead of economic and fiscal update

NZ equities slipped ahead of finance minister Grant Robertson opening the govt's books. (Image: NZME)

Mon, 11 Sep 2023

Weaker property stocks and an under-pressure Ebos Group helped push the New Zealand sharemarket to another fall as investors waited for the pre-election economic update.The S&P/NZX 50 Index had a choppy session and closed at 11,302.41, down 41.7 points or 0.37%. The index has fallen in eight of the last nine trading days.There were 44 gainers and 77 decliners over the whole market on light trading of 24 million share transactions worth $78m.ASB said this week’s Pre-Election Economic and Fiscal Update will show a weaker fiscal position...

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