NZ sharemarket: year's gains lost in single day

NZ sharemarket: year's gains lost in single day
Fletcher Building went into a trading halt on a bumpy day for the NZ exchange.
Graham Skellern
It was confession day on the New Zealand sharemarket with earnings revisions, a civil legal proceeding and further uncertainty surrounding Fletcher Building, all adding to a near 1% fall.The S&P/NZX 50 Index tumbled all day and closed at 11,757.97, down 104.98 points or 0.88%, wiping out the gains for the year. The index started the week ahead by 0.8%.There were 50 gainers and 89 decliners over the whole market on light volumes of 20.25 million shares transactions worth $66.48m.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene...

More Markets

NZ sharemarket down after wobbly trading day
Markets Market close

NZ sharemarket down after wobbly trading day

The S&P/NZX 50 Index closed at 11,724.21, down 20.18 points or 0.17%.

Aussie rules for NZX trading halts by March 29
Markets

Aussie rules for NZX trading halts by March 29

A listed company's full trading halt application in all its glory will be published.

Fletcher calls in the consultants as chair quits
Markets

Fletcher calls in the consultants as chair quits

Leaked letters reveal attempts to assuage shareholder concerns with one-on-one meetings.