NZ shares extend decline as earnings underline shaky economy

(Image: Getty)

Thu, 22 Aug 2024

New Zealand shares fell for a fourth day as the rush of company earnings, such as SkyCity Entertainment Group, showed the tough economic conditions firms have been operating under. The S&P/NZX 50 Index declined 33.62 points, or 0.3%, to 12,469.35. Across the main board, 54 stocks fell, 84 rose, and 41 were unchanged. Turnover was $109.8 million, with ten companies trading on volumes of more than a million shares. The upcoming speech from US Federal Reserve chair Jerome Powell on Friday at the global central banker symposium in Jac...

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