NZX50 dips as investors wait on data

NZX50 dips as investors wait on data
Investors are waiting on NZ GDP data and US inflation decisions. (Image: Getty)
Graham Skellern
The New Zealand sharemarket opened a crucial week for the economy with a fall of more than half a percent, punctured by some unusually large downward moves in some leading stocks.With the Australian market closed for King’s Birthday weekend, the S&P/NZX 50 Index was uninspired and closed at 11,615.55, down 74.79 points or 0.64%.There were 47 gainers and 82 decliners over the whole market on volumes of 24.1 million share transactions worth $114.63m. Infratil, up 1c to $9.86, led the individual trading list with $33.9m worth of shares c...

More Markets

NZX goes down as early signals point to Trump victory
Finance Market close

NZX goes down as early signals point to Trump victory

Infratil and Spark continued to trade in high volumes.

Rua Bioscience seeking cash
Finance

Rua Bioscience seeking cash

Medicinal cannabis company is looking to raise up to $3.1m.

NZICC subbies fail to get trial adjourned
Markets

NZICC subbies fail to get trial adjourned

Fletcher Construction is suing two subcontractors over its uninsured losses.

Fonterra changes listings
Markets

Fonterra changes listings

Dairy giant say changes will reduce complexity and save money.