NZ market in the red as election countdown begins

The S&P/NZX 50 Index fell 82 points, or 0.7%, to 11,205.06. (Image: Depositphotos)

Mon, 09 Oct 2023

New Zealand’s benchmark index slid as investors started the countdown to the election later this week and waited for key US inflation data due this Friday.The S&P/NZX 50 Index fell 82 points, or 0.7%, to 11,205.06. Turnover was $74.9 million. There were 67 gainers and 59 decliners on the main board.Peter McIntyre, an investment adviser at Craigs Investment Partners, said the NZ market had a slow day with light volumes as investors were very much in anticipation mode from the looming election.Gentailers had dragged the market lower on...

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