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Market close: Sharemarket takes a breather, F&P Healthcare continues to slide
10 Dec, 2020 04:40 AM
4 minutes to read
By: Graham Skellern
After a heady week so far, the New Zealand sharemarket took a breather as analysts and investors contemplated the impact of AustralianSuper s $5.4 billion takeover offer for utilities investor, Infratil. The S&P/NZX 50 Index finished slightly down at 12,860.37, a fall of 29.03 points or 0.23 per cent, after rising 2 per cent this week. Trading was moderate with 42.48 million shares worth $159.75 million changing hands, and there were 81 gainers and 65 decliners over the whole market.
Nigel Scott, an investment adviser with Craigs Investment Partners, said the market was consolidating from its recent highs and taking on board the super fund s bid for Infratil.