NZX 50 hits new low for 2023

Volatility in Meridian's share price sent the sharemarket down.

Tue, 05 Sep 2023

The New Zealand sharemarket closed at its lowest level this year – dragged down by unusual volatility in the largest local stock, Meridian Energy.The S&P/NZX 50 Index began sliding at midday and finished at 11,437.25, declining 75.78 points or 0.66%. The index has now fallen into negative territory for the year, down 0.3%, and its previous lowest close was 11,404.83 points on December 20.There were 49 gainers and 72 decliners over the whole market on volumes of 32.06 million share transactions worth $133.28m.Meridian was down 16c or 2...

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