NZX50 dips as investors wait on data

Investors are waiting on NZ GDP data and US inflation decisions. (Image: Getty)

Mon, 12 Jun 2023

The New Zealand sharemarket opened a crucial week for the economy with a fall of more than half a percent, punctured by some unusually large downward moves in some leading stocks.With the Australian market closed for King’s Birthday weekend, the S&P/NZX 50 Index was uninspired and closed at 11,615.55, down 74.79 points or 0.64%.There were 47 gainers and 82 decliners over the whole market on volumes of 24.1 million share transactions worth $114.63m. Infratil, up 1c to $9.86, led the individual trading list with $33.9m worth of shares c...

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