Rudderless NZ sharemarket drifts lower

Across the main board, 61 stocks fell, 81 rose, and 37 were unchanged. (Image: Getty)

Tue, 03 Sep 2024

New Zealand shares drifted lower as investors continued to digest the glut of information from earnings season and kept one eye on upcoming dividend payments. The S&P/NZX 50 Index declined 21 points, or 0.2%, to 12,534.51. Across the main board, 61 stocks fell, 81 rose, and 37 were unchanged. Turnover was $116.7 million, with 13 companies trading on volumes of more than a million shares. North American markets were closed overnight, and stocks were largely muted ahead of US employment figures at the end of the week. These figures...

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