NZX blue chip stocks off the boil after a poor reporting season

The housing market continues to be a sticking point for real estate-influenced stocks. (Image: Supplied)

Fri, 13 Sep 2024

The New Zealand sharemarket took an end-of-the-week breather after a strong start to the month, with leading blue-chip stocks coming off the boil.The S&P/NZX 50 Index fell in the morning, traded steadily in the afternoon and then had a late rise in the matching session (on portfolio rebalancing) to close at 12,832.55, up 12.27 points or 0.10%.The index gained more than 1.3% for the week, 2.6% for the month so far and has increased 8.6% for the year.There were 78 gainers and 62 decliners on the main board with 38.11 million shares worth $148...

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