Wary investors cast gloom over the NZ sharemarket

Spark was a bright note in a gloomy day on the NZX. (Image: Spark)

Fri, 18 Aug 2023

The New Zealand sharemarket is heading for its worst month in a year, and farming-related stocks were unsettled after Fonterra lowered its farmgate milk price forecast for the second time in a fortnight.The S&P/NZX 50 Index made a small recovery late in the day and closed at 11,611.19, down 40.39 points or 0.35%. The index fell nearly 2% for the week – this last happened in late May - and it has fallen on 12 of the last 14 trading days.The index is down nearly 4% so far this month – the weakest month since September last year &n...

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