The Markets

NZ sharemarket slips as Rakon shares rocket

Monday 11th of December 2023

The S&P/NZX 50 Index traded in a range of 11,507.41 and 11,422.87 before settling at 11,449.47, down 46.17 points or 0.4%.

There were 65 gainers and 52 decliners on the main board with 20.62 million shares worth $72.49m changing hands.

Advanced manufacturer Rakon received an unsolicited takeover proposal at nearly three times its then trading price. Rakon, which manufactures...

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