NZX50 dips for third day in a row

Infratil's capital raise and Auckland airport dominated the market today. (Image: Getty)

Thu, 08 Jun 2023

The New Zealand sharemarket lost ground for the third successive day, weighed down by the Infratil equity raising and a sudden increase in wholesale interest rates.The S&P/NZX 50 Index slid mid-morning and closed at 11,715.74, down 43.4 points or 0.37%. The index has fallen 1.5% so far this week and is up 2.1% for the year.There were 43 gainers and 81 decliners over the whole market on volumes of 41.65 million share transactions worth $163.32m.Wholesale interest rates increased around western markets, with the NZ 10 Year Government Bond yie...

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