NZ sharemarket takes late dive

ANZ has brought forward its prediction for the first OCR cut to February. (Image: Getty)

Fri, 07 Jun 2024

The New Zealand sharemarket had a late dive, falling nearly 1% as investors took some profit following the recent rally.The S&P/NZX 50 Index was having a choppy session before its sharp fall in the broker matching session. The index closed at 11,856.56, down 116.44 points or 0.97% after reaching an intraday high of 11,973.01.The index was flat for the week and is ahead 0.8% for the year.There were 58 gainers and 76 decliners over the whole market on volumes of 35.76 million share transactions worth $136.29 million.Shane Solly, portfolio man...

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