The Markets

US rating downgrade rattles fragile investors and NZX50 dips

Thursday 3rd of August 2023

The S&P/NZX 50 Index followed the same pattern as the day before, down in the morning and recovering in the afternoon, to close at 11,936.62 and declining 25.41 points or 0.21%. The index reached an intraday low of 11,884.2 points.

There was fragility, with 39 gainers and 90 decliners over the whole market, with 33.48 million shares worth $111.4m changing hands.

Mark Lister,...

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