NZ sharemarket dips despite solid results

There were 82 decliners and 46 gainers on the market. (Image: Getty)

Fri, 25 Aug 2023

An unforgiving New Zealand sharemarket slipped further on another busy day of company reporting that again saw a bunch of solid results.The S&P/NZX 50 Index never got into gear and closed at 11,443.5, down 34.47 points or 0.3%. The index finished the week with a decline of 1.23% and is down nearly 5% this month – the weakest since January last year. It is also flat for the year.There were 82 decliners and 46 gainers on the main board, with 25.85 million shares worth $87.7m changing hands.Mark Lister, investment director with Craigs In...

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