NZX50 continues to slump despite some upbeat results

NZX50 continues to slump despite some upbeat results
Despite sold results from companies like Mercury, the sharemarket continued to slump. (Image: Mercury)
Graham Skellern
The New Zealand sharemarket wasn’t in a sympathetic mood, falling more than one percent despite four of the leading stocks producing solid financial results.The S&P/NZX 50 Index was on a slide all day and closed at 11,458.69, down 152.5 points or 1.31%, the third biggest single-day fall this year. The index is at its lowest level this year, and the gain over the past eight months has been wiped out.There were 42 gainers and 80 decliners over the whole market on volumes of 42.62 million share transactions worth $117.39m.Greg Smith, hea...

More Markets

NZ market falls, F&P Healthcare bolsters trading
Markets

NZ market falls, F&P Healthcare bolsters trading

All eyes are on the US Federal Reserve. 

Graham Skellern 12 Jun 2024
Willis calls for select committee inquiry into banking
Finance

Willis calls for select committee inquiry into banking

She wants the Finance and Expenditure and Primary Production Committees to join forces.

Rebecca Howard 12 Jun 2024
Booster KiwiSaver used funds for related wine investment: FMA
Markets

Booster KiwiSaver used funds for related wine investment: FMA

The market watchdog alleges 75 causes of action from 2017-22.

FMA seeking consultation on changes to DI licences
Finance

FMA seeking consultation on changes to DI licences

The FMA is seeking consultation on changes to the Derivative Issuer licenses

Staff reporters 11 Jun 2024