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Sharemarket weakens as investors fail to shake off their worries
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Sharemarket slips as nervous investors eye Evergrande wobbles
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The share price of medical equipment maker Fisher & Paykel Healthcare had been bouncing around, McIntyre said.
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The New Zealand sharemarket gave up early gains on Tuesday. “There’s quite a wide divergence of views within the analyst community of where the valuation sits. But as we’ve seen the re-emergence of Covid-19 with the Delta variant, I think more investors have been comfortable owning the stock.” Genesis Energy ended the day down 0.1 per cent at $3.37. The power generator and retailer fell 1.6 per cent to $3.37 after it announced to the NZX that an arbitrator had ruled against the company in a dispute with Australian gas supplier Beach Energy. Genesis will need to pay $53 million to meet the carbon liability on the gas contract.
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