NZ sharemarket dips on profit taking

There were 61 gainers and 72 decliners over the whole market. (Image: Getty)

Thu, 16 Nov 2023

The New Zealand sharemarket succumbed to some profit-taking, falling 1% after a strong run, and all eyes are on the prospect of Ebos Group making another billion-dollar purchase.The S&P/NZX 50 Index jumped to an intraday high of 11,391.21 but, by late morning, was on a downward slide as investors decided to take some welcome gains in selected stocks.The index closed at 11,230.87, down 121.97 points or 1.07%, but is still ahead 0.8% for the week.There were 61 gainers and 72 decliners over the whole market on volumes of 25.3 million share tra...

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