Market close: KMD Brands’ share price sinks to all-time low
But the New Zealand sharemarket had a welcome rise of more than half a per cent.
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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But in New Zealand, the local index fell nearly half a per cent.
The local index had its fourth down day in a row.
Trading is expected to pick up as the most popular time for holidays comes to an end.
The S&P/NZX 50 bounced up and down for much of the day, ultimately finishing higher.
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New Zealand stocks lose some of Monday's gains, driven by weaker banking stocks.
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Nasdaq falls 2.5 per cent - close to its worst drop of the year.
New Zealand stocks remained boxed in by high interest rates and modest earnings growth.
The S&P/NZX 50 Index rose 13.1 points, or 0.12 per cent.
International funds coming in helped propel the local market.
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Yesterday's half a per cent gain is all but forgotten.
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The sharemarket fell after a weak Wall Street over the weekend.
The New Zealand sharemarket shrugged off weak offshore bourses.
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The NZSA has questioned the timeliness of PGW's disclosure.