NZ sharemarket drifts down in holiday mode
The S&P/NZX 50 Index continued to drift lower on surprisingly small volumes and closed at 11,772.9, down 85.4 points or 0.72%.
There were 54 gainers and 78 decliners over the whole market, with 14.25 million shares worth $42.4m changing hands.
Matt Goodson, managing director of Salt Funds Management, said there were a lot of small movements on very light turnover. “I wouldn’t read too much into them.
“Over the next few days, as companies see their management accounts for the period ending December, we may see more (trading) updates and more activity,” he said.
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)
