NZ market edges down as companies issue bad news

NZ’s market flattened out on subdued investor sentiment and bad news. (Image: Getty)

Wed, 21 Jun 2023

New Zealand’s market flattened out on subdued investor sentiment as horticultural company Seeka and Fletcher Building downgraded their full-year results.The S&P/NZX 50 Index edged down 13.1 points, or 0.11%, to 11,776.25. Turnover on the entire market was $107.4 million and 63 stocks rose while 68 fell. Craigs Investment Partners investment adviser Peter McIntyre said the quietness in NZ’s share market of late was based on two things: investor concern over weakening demand out of China and a congressional testimony com...

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