The Markets

Investors worry about interest rates – NZX50 droops

Monday 22nd of May 2023

The S&P/NZX 50 Index fell sharply in the morning and then steadied in the afternoon to close at 11,993, down 106.73 points or 0.88%.

There were 46 gainers and 83 decliners over the whole market with 35.77 million shares worth $130.2m changing hands.

The Reserve Bank delivers its latest monetary policy statement on Wednesday with an expected 25 basis points increase in the of...

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