NZ market in the red as election countdown begins
The S&P/NZX 50 Index fell 82 points, or 0.7%, to 11,205.06. Turnover was $74.9 million. There were 67 gainers and 59 decliners on the main board.
Peter McIntyre, an investment adviser at Craigs Investment Partners, said the NZ market had a slow day with light volumes as investors were very much in anticipation mode from the looming election.
Gentailers had dragged the market lower on Friday and were still heading in a downward direction on Monday. Meridian Energy and Genesis Energy both have their annual meetings this week.
Today, Meridian Energy fell 13 cents or 2.5% to $5.04 and Genesis Energy edged down 1.5 cents or 0.6% to $2.48.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
