NZ sharemarket continues to slide

The S&P/NZX50 index ended at 10,848.54, down 35.49 points or 0.33%. (Image: Getty)

Thu, 26 Oct 2023

The New Zealand sharemarket ended lower as annual meeting confessions continued to disappoint.The S&P/NZX50 index ended at 10,848.54, down 35.49 points or 0.33%, but off its low for the day. Turnover was $123.2m.The index, which includes dividends, is now back at levels not seen since October last year.There were 87 falls and 41 rises among the 185 stocks traded on the main board.Even though the market has fallen sharply in recent months, analysis from brokers Forsyth Barr showed the 12-month forward weighted price-earnings ratio for the NZ...

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