Spark's continuing slide helps drive NZ sharemarket down 0.8%, over 7% for the year

(Image: Getty)

Mon, 17 Mar 2025

Leading telco Spark continued its slide, with a2 Milk hitting a four-year high, Smartpay having two takeover bids, and the New Zealand sharemarket starting the new week with a 0.8% fall.The S&P/NZX 50 Index was weaker in the afternoon and closed at 12,166.14, down 100.11 points or 0.82%. The index is down more than 7% for the year. There were 44.3 million share transactions worth $157.8m.'Patchy'Matt Goodson, managing director with Salt Funds Management, said it was generally expected “we would see an advance on the back...

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