NZ sharemarket takes late dive
The S&P/NZX 50 Index was having a choppy session before its sharp fall in the broker matching session.
The index closed at 11,856.56, down 116.44 points or 0.97% after reaching an intraday high of 11,973.01.
The index was flat for the week and is ahead 0.8% for the year. There were 58 gainers and 76 decliners over the whole market on volumes of 35.76 million share transactions worth $136.29 million.
Shane Solly, portfolio manager with Harbour Asset Management, said the market had a damp end to the week, giving back some of the earlier gains.
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