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The Markets

NZ sharemarket down ahead of big US election

Thursday 31st of October 2024

The S&P/NZX 50 Index had another roller-coaster ride and closed at 12,644.75, down 50.9 points or 0.39% after reaching an intraday high of 12,715.93 and low of 12,640.08.

There were 51.3 million share transactions worth $209.66m.

'Greater optimism'

Greg Smith, head of retail with Devon Funds Management, said the market had a weak lead from Wall Street and it was waiting for the big events of the US presidential election and Federal Reserve meeting next week. 

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