
The Markets
Tower earnings downgrade causes sharemarket stir
Monday 8th of May 2023
After a choppy session, the S&P/NZX 50 Index climbed in the last 45 minutes to 11,942.49, up 53.47 points or 0.45%. The index hit an intraday low of 11,873.09.
Volumes were light for the third day running with 21.85 million shares worth $78.97m changing hands. There were 82 gainers and 39 decliners on the main board.
Paul Robertshawe, chief investment officer for Octag...
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