NZ shares consolidate from Friday rally

Mon, 20 Sep 2021

New Zealand shares generally fell as the market retreated from Friday’s index fund sugar rush and declined with the ASX. The S&P/NZX 50 Index rose 55.97 points, or 0.4%, to 13,178.58. Turnover was $133 million. After a strong finish to last week, with many stocks rallying as key indices were rebalanced, NZ shares opened lower on Monday.Some of last week’s top performers had the day’s biggest declines: Pushpay Holdings dropped 4.5% to $1.87 after climbing 6.5% across last week. Cancer diagnostics firm Pacific...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

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