Pacific Edge rises as wider sharemarket stutters

Pacific Edge's chances of a lifeline with Obamacare lifted its share price. (Image: Getty)

Thu, 06 Jul 2023

Pacific Edge made a rapid recovery, rising more than 110% after receiving a reprieve on funding for its Cxbladder tests in the United States, while an uncertain New Zealand sharemarket had its first fall in eight trading days.The S&P/NZX 50 Index wavered in the afternoon and closed at 11,959.33, down 43.13 points or 0.36% after reaching an intraday high of 12,055.2.Market sentiment also softened across the Tasman with the Australian S&P/ASX 200 Index falling 1.29% to 7159.6 points by 6pm NZ time.There were 53 gainers and 79 decliners on...

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