NZ market edges down as employment confidence hits low point

The SP/NZX 50 Index edged down 26.01 points, or 0.2%, to 11,316.81. (Image: Getty)

Wed, 27 Sep 2023

New Zealand's benchmark share index slid into the red as local employment confidence hit its lowest point since December 2020.The SP/NZX 50 Index edged down 26.01 points, or 0.2%, to 11,316.81. Turnover was $101.3 million, and there were 35 gainers and 90 decliners on the main board. Devon Funds head of retail Greg Smith said it was quieter “in the skies and on the market boards” during the school holidays.In September 2023, employment confidence in NZ hit its lowest point since December 2020, with more people exp...

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