NZX50 continues to slump despite some upbeat results

Despite sold results from companies like Mercury, the sharemarket continued to slump. (Image: Mercury)

Mon, 21 Aug 2023

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...

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