Continuing surprises drive NZ sharemarket down for sixth day
The S&P/NZX 50 Index fell for the sixth day running and closed at 11,640.04, down 21.28 points or 0.18%.
The index has now fallen nearly 1.3% for the year. There were 66 gainers and 73 decliners on the main board, with 35.76 million shares worth $121.08m changing hands.
Mair’s resignation followed those at Fletcher Building the day before – CEO Ross Taylor and chairman Bruce Hassall.
David McConnochie, investment advisor with Forsyth Barr, said the market hasn’t taken these resignations “overly well. Mair has provided steady hands over the last decade or so, and he reflects a key person risk around governance and long-term performance.”
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