NZ sharemarket hits 16-month low

(Image: Getty)

Fri, 27 Oct 2023

The New Zealand sharemarket hit a 16-month low with a fall of nearly 1% following further mixed messages on company earnings from the latest annual meetings.The S&P/NZX 50 Index continued to slide throughout the day on light trading and closed at 10,766.82, down 81.72 points or 0.75%. It sat at 10,753.16 points on July 1 last year.The index finished a gloomy week with a decline of more than 2% and has fallen 6% so far this year, most of the damage being done since the end of August when bond yields began rising.There were 82 decliners and 4...

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