Nearly $1b changes hands on NZX as indices rebalance

There was heavy turnover on the NZX today. (Image: Getty)

Wed, 31 May 2023

Nearly $1 billion worth of shares were traded in the May quarterly review of the MSCI global indices and the New Zealand sharemarket responded with a half percent fall.The impressive volumes took place in the extended matching session as fund managers rebalanced their portfolios. The S&P/NZX 50 Index closed at 11,813.01, down 65.7 points or 0.55% after reaching an intraday high of 11,909.1.There were 61 gainers and 72 decliners over the whole market with trading covering 220.21 million shares worth $948.68mChorus was down 15c or 1.8% to $8....

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