![Market close: Comvita share price plunges to 12-year low](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Market close: Comvita share price plunges to 12-year low
A strong afternoon trading session helped the NZ sharemarket to a positive day.
A strong afternoon trading session helped the NZ sharemarket to a positive day.
Business Editor-at-Large Liam Dann talks to Pie Funds CIO and Founder Mike Taylor about the positives and negatives of the year to come. Video / NZ Herald / Getty / AP
But in New Zealand, the local index fell nearly half a per cent.
Trading was quiet as Aucklanders relaxed on their anniversary holiday.
New mortgage lending to investors fell to a decade-low for a December month in 2023.
The writedown follows claims New Zealand supermarkets are uncompetitive.
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But the local index finished flat on a lacklustre day.
The case relates to anonymous posts allegedly made on a sharemarket chatroom.
Annual inflation fell below 5 per cent for the first time in 27 months.
December was a month of record trading on Sharesies.
The New Zealand sharemarket rebounded 1 per cent, fuelled by strong performances offshore.
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The local index had its fourth down day in a row.
Financial Times: Deepening property sector crisis, deflation and demographic pressures.
But the New Zealand sharemarket finished flat for the second day running.
The New Zealand sharemarket staged a late recovery to finish flat.
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The New Zealand sharemarket remains in holiday mode.
Trading is expected to pick up as the most popular time for holidays comes to an end.
Markets cool as inflation heats up. Oil jumps. Bitcoin swings.
Shares follow US markets and Australia and head higher.
Bitcoin's price hit almost US$48,000 on the apparent fake news.
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Transport stocks were also under pressure after Maersk said it’s avoiding the Red Sea.