NZX50 flat as companies go ex-dividend

Air NZ shares rose despite going ex-dividend. (Image: Getty)

Thu, 07 Sep 2023

The New Zealand sharemarket held its ground as a bunch of stocks went ex-dividend, and offshore bourses were decidedly weaker.Apart from a lunchtime dip, the S&P/NZX 50 Index traded steadily and closed at 11,426.84, down 0.82 points or 0.01%.There were 48 gainers and 89 decliners on the main board, with 31.13 million shares worth $157.75m changing hands.Paul Robertshawe, chief investment officer with Octagon Asset Management, said the local market was in a bit of a lull, but “we have had a big correction through the reporting season,...

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