Skellerup a bright note as NZ sharemarket tumbles

The NZX50 tumbled. (Image: Getty)

Thu, 17 Aug 2023

Skellerup Holdings was a beacon of light in reporting record earnings on the New Zealand sharemarket as blue chip stocks took a tumble in the biggest single-day fall for more than two months.The S&P/NZX Index fell sharply at lunchtime and closed at 11,651.58, declining 111.53 points or 0.95% – it was down 1.03% on June 7.There were 89 decliners and 33 gainers over the whole market on volumes of 31.72 million share transactions worth $117.46m.Rubber products manufacturer Skellerup Holdings rose 26c or 6.22% to $4.44 (reaching an intrad...

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