Market Close: Sharemarket edges closer to correction territory as Covid lockdown bites again 15 Feb, 2021 05:01 AM 4 minutes to read Local shares fell again as Auckland goes back into Level 3 lockdown NZ Herald By: Graham Skellern The latest Auckland lockdown put a dampener on the New Zealand sharemarket and those stocks most affected by the Covid pandemic as the leading index fell another half per cent and moved closer to a real correction. The S&P/NZX 50 Index was down 79.08 points or 0.63 per cent to 12,510.56, after reaching an intraday low of 12,469.12. With only one gain in 10 trading days this month, the index has fallen nearly 8 per cent from its all-time high of 13,558.19 on January 8.