Stormy weather dampens uncertain NZ sharemarket

The New Zealand sharemarket had another uncertain day – just like the effect of Auckland weather – and Tourism Holdings plunged nearly 10% on a cautious trading outlook.The S&P/NZX 50 Index fell early and stayed that way to close at 11,889.61, down 52.87 points or 0.44%.There were 84 decliners and 41 gainers over the whole market on volumes of 34.46 million share transactions worth $131.48m.Matt Goodson, managing director of Salt Funds Management, said it was a mixed day on the market. “To be honest, in Auckland, the...