Market close: NZ shares slump on Wall Street worries
Wall Street had its worst day since June, prompting the NZ market to follow it lower.
Wall Street had its worst day since June, prompting the NZ market to follow it lower.
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But it was a mixed bag for dividend payouts to shareholders.
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The index rose again today.
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The S&P/NZX 50 index rose 58.1 points, or 0.49 per cent.
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As a result it dragged the sharemarket lower.
The power companies and telcos have shot higher on the sharemarket since June.
The index rose 6 points, or just 0.07 per cent.
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Lower fuel prices helped drive a fall in inflation.
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The index finished in positive territory.