The New Zealand sharemarket tumbled half a per cent as investors became nervous about the timing of interest rate cuts. The S&P/NZX 50 Index was rescued with.
The New Zealand sharemarket had a down day following the Easter break, with Synlait Milk reaching a new all-time low after posting a near $100 million.
Two small cap stocks, Savor Group and NZ King Salmon Investments, staged strong earnings turnarounds but the New Zealand sharemarket remained stuck in.
The New Zealand sharemarket settled back into steady trading following the large volumes and sharp price movements the day before, which included index.