NZ shares flat but some stocks bounce and fall 15%

Fri, 08 Apr 2022

New Zealand's sharemarket finished the week flat as Eroad tumbled after an executive resignation and My Food Bag bounced on a revenue increase.The S&P/NZX 50 Index fell 9.6 points, or 0.1%, to 12,066.27. Turnover was $164 million.Two smaller companies injected some drama into the otherwise quiet day, shares in Eroad plunged almost 15% after its founder and chief executive unexpectedly resigned.Steven Newman co-founded sat-nav company Navman before moving to Eroad to become chief executive in 2007 but resigned today with immediate effect...

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