Sharemarket closed in the red as investors await details on Tiwai Point deal
The sharemarket closed down 0.03 per cent as the market anticipated details on Meridian Energy and Contact Energy agreement.
Source: stuff.co.nz
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NZX 50 slides from a record as investors eye Brexit uncertainty
Sharemarket investors are looking for greater direction in an uncertain environment. The New Zealand sharemarket edged lower in mixed trading as investors sat on their hands amid uncertainty around Brexit, the rollout of any Covid-19 vaccine, and a stimulus package in the United States. The benchmark NZX 50 index slid 0.23 per cent, or 29.03 points, to 12,860.37 on Thursday, after closing at a record 12,889.40 on Wednesday. The UK and the EU have agreed to a Sunday deadline for a deal on Brexit, or there will be no deal, with “very large gaps” said to remain. Meanwhile in the US, Congre...
Source: stuff.co.nz