The Markets

Sharemarket droops after budget revealed

Thursday 18th of May 2023

The S&P/NZX 50 Index was trading strongly until the early afternoon budget presentation and then lost more than half its gains to close at 11,976.08, increasing 24.42 points or 0.2%.

The index earlier broke through the 12,000 points mark for the first time in six weeks with an intraday high of 12,039.26.

There were 74 gainers and 53 decliners on the main board with 45.39 mil...

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