NZ sharemarket starts week down 0.6%

(Image: NZME)

Mon, 11 Nov 2024

Global marketer a2 Milk hit a near nine-month low as the New Zealand sharemarket opened the week with a fall of more than 0.5%.The S&P/NZX 50 Index was on a gradual slide all day and closed at 12,686.33, down 84 points or 0.66%.Trading was steady, with 33.9 million share transactions worth $126.6m. RBNZJeremy Sullivan, investment adviser with Hamilton Hindin Greene, said the market was still digesting the US election result and whether NZ will get caught up in a trade war and be impacted by tariffs.He said the Reserve Bank of NZ’...

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