NZ shares fall as rate cut question weighs

Investors are pondering when interest rate cuts will come. (Image: Getty)

Mon, 08 Jan 2024

New Zealand shares fell for a second day in quiet trading as the few investors returning this week pondered how quickly central banks will cut interest rates. The S&P/NZX 50 Index declined 13.06 points, or 0.1%, to 11,735.42. Across the main board, 12.9 million shares were traded for a turnover of $40.3 million as 73 stocks fell and 63 rose. No companies crossed the million-share volume today, with Spark NZ being the most heavily traded, with 840,000 shares changing hands as it rose 0.7% to $5.155. “It’s a very qu...

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