NZ sharemarket slips as Sky TV rejects takeover bid

Sky TV led the market down today. (Image: Sky)

Wed, 08 Nov 2023

The New Zealand sharemarket slipped today as Sky TV knocked back a takeover offer.The S&P/NZX 50 Index closed at 11,151.3, down 72.56 points or 0.65%. This followed a fall yesterday after five sessions in a row of gains.The index has declined 2.8% for the year after being down 10% not so long ago.There were 61 gainers and 62 decliners on the main board, with 23.5 million shares worth $77.19m changing hands.Jeremy Sullivan, investment advisor with Hamilton Hindin Greene, said the market has fallen 1.4% for the quarter and “there’...

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