US inflation fears put dampener on NZ sharemarket

The golden run ended today for a2 shares. (Image: a2 Milk)

Mon, 11 Mar 2024

The New Zealand sharemarket gave up some of the strong gains from last week as investor uncertainty crept back over United States inflation.After a down day on Wall Street at the weekend (NZ time), the S&P/NZX 50 Index fell 50.05 points or 0.42% to 11,873.67, though there was a late rise in the matching session.The index increased 1.5% last week and is up 0.9% so far this year.There were 80 decliners and 51 gainers on the main board, with 21.7 million shares worth $73.1m changing hands in light trading.Mark Lister, investment director with...

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