NZ sharemarket slips as Wall St rally continues

NZ sharemarket slips as Wall St rally continues
The local sharemarket went in the opposite direction to Wall St. (Image: Getty)
Graham Skellern
The New Zealand sharemarket lacked direction and tumbled nearly half a percent on another quiet day's trading while Wall Street continued to rally.The S&P/NZX 50 Index slipped at the opening, recovered at lunchtime and then fell back again to close at 11,160.64, down 46.82 points or 0.42%. The index traded in a range of 11,11,145.99 and 11,213.07 points.There were 73 gainers and 62 decliners over the whole market on volumes of 27.57 million share transactions worth $113.19m.On the economic front, New Zealand’s trade deficit narrow...

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