NZX watchdog warns about trading in AI company
The share price of the newly listed company has surged in its first few days.
The share price of the newly listed company has surged in its first few days.
The New Zealand sharemarket had a down day following the Easter break.
The local index finished lower after five consecutive days of heady rises.
But the New Zealand sharemarket had a welcome rise of more than half a per cent.
The New Zealand sharemarket fell for the sixth successive trading day.
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The Kiwi retailer has delivered strong results despite an industry downturn.
But in New Zealand, the local index fell nearly half a per cent.
Trading was quiet as Aucklanders relaxed on their anniversary holiday.
Shares fell at the opening after a mixed day on Wall Street and then slid further.
Transport stocks were also under pressure after Maersk said it’s avoiding the Red Sea.
The NZX50 is up 2.5 per cent for the year.
It was a tough year for local stock pickers as the NZX50 struggled to stay above water.
But a big test comes tomorrow with the Treasury’s half-year economic and fiscal update.
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