The Markets

NZ sharemarket: year's gains lost in single day

Monday 12th of February 2024

The S&P/NZX 50 Index tumbled all day and closed at 11,757.97, down 104.98 points or 0.88%, wiping out the gains for the year.

The index started the week ahead by 0.8%. There were 50 gainers and 89 decliners over the whole market on light volumes of 20.25 million shares transactions worth $66.48m.

Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said it was an...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.