Pacific Edge falls as NZ market sinks into the red

The S&P/NZX 50 Index fell 53.1 points, or 0.5%, to 11,243.29. (Image: Depositphotos)

Mon, 02 Oct 2023

New Zealand's benchmark share index edged lower while cancer diagnostics firm Pacific Edge experienced another share price tumble.The S&P/NZX 50 Index fell 53.1 points, or 0.5%, to 11,243.29. Turnover was a very light $57.8 million. There were 59 gainers and 78 decliners on the main board.Devon Funds head of retail Greg Smith said September was a tough month for international markets, but because October was known as the ‘bear killer’ month, there was “reason for optimism” going into the last quarter of the year....

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