Market close: Comvita shares plunge after earnings downgrade
Comvita fell more than 11 per cent on an earnings downgrade and the New Zealand sharemarket dropped a half per cent ahead of the Reserve Bank’s latest...
Source: nzherald.co.nz
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Comvita fell more than 11 per cent on an earnings downgrade and the New Zealand sharemarket dropped a half per cent ahead of the Reserve Bank’s latest...
Yesterday's half a per cent gain is all but forgotten.
The New Zealand sharemarket retreated more than half a per cent on light trading.
The NZ sharemarket made a small gain on further evidence that inflation is falling.
Meanwhile, the index had a muted response to the hold on the official cash rate.