NZ sharemarket down 0.5% ... again
The S&P/NZX 50 Index fell at the opening and never got out of first gear to close at 11,916.78, down 56.81 points or 0.47%.
There were 95 decliners and 37 decliners over the whole market on 31.03 million share transactions worth $112.97m.
Matt Goodson, managing director of Salt Funds Management, said the local market was “a little bit soggy, and maybe it was focussed on the Heartland equity raise”.
Heartland Group resumed trading and was down 7c or 5.98% to $1.10 after completing its institutional placement that raised $131m, with 98% of shareholders taking up their entitlements.
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