NZ sharemarket suffers from ex-dividend blues

The NZX50, what went up, quickly went down. (Image: Getty)

Thu, 14 Sep 2023

The New Zealand sharemarket had another fall, dragged down by several leading stocks going ex-dividend. Its welcome half percent gain the day before was short-lived. The S&P/NZX 50 Index was on a gradual slide and closed at 11,313.53, down 43.58 points or 0.38%. The index has fallen on 10 of the last 12 trading days. There were 61 gainers and 64 decliners over the whole market on volumes of 29.34 million share transactions worth $103.52m. David McConnochie, investment adviser with Forsyth Barr, said it was another heavy day f...

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