NZ sharemarket catches Wall Street’s New Year hangover

The NZ share market felt the effects off a New Year hangover on Wall Street. (Image: Supplied)

Wed, 03 Jan 2024

The New Zealand sharemarket started the year on the back foot, taking its lead from offshore where Wall Street stocks suffered a technology-led hangover after a buoyant end to 2023.The S&P/NZX 50 Index had a generally weak trading session and closed at 11,730.13, down 40.36 points or 0.34 per cent after reaching an intraday low of 11,695.01.Mark Lister of Craigs Investment Partners said it was unsurprising the market was off the boil given the negative leads from overseas markets following such a strong rally at the back end of last ye...

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