NZ sharemarket slips back into negative territory

The bad news keeps coming for The Warehouse, but the share prices enjoys a small rise. (Image: Jason Oxenham)

Fri, 10 May 2024

After posting four out of five falls this week, the New Zealand sharemarket has slipped back into negative territory for the year.The S&P/NZX 50 Index was saved from further damage with a sharp rise in the last half-hour of the matching session and closed at 11,755.17, up 8.58 points or 0.07% after reaching an intraday low of 11,704.77.The index lost 1.54% for the week and is down 0.14% for the year to date.There were 65 gainers and 68 decliners on the main board, with 28.37 million shares worth $88.05m changing hands.Greg Smith, head of re...

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