NZX50 dips for third day in a row
The S&P/NZX 50 Index slid mid-morning and closed at 11,715.74, down 43.4 points or 0.37%. The index has fallen 1.5% so far this week and is up 2.1% for the year.
There were 43 gainers and 81 decliners over the whole market on volumes of 41.65 million share transactions worth $163.32m.
Wholesale interest rates increased around western markets, with the NZ 10 Year Government Bond yield rising 11.5 points to 4.572%.
Utilities investor Infratil declined 25c or 2.48% to $9.85 after completing a $750m placement at $9.20 a share to help fund the purchase of the remaining 49.95% shareholding in One NZ (formerly Vodafone).
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