The New Zealand sharemarket tumbled one per cent to a near-low for the year, triggered by a sell-off in leading stocks and not the tax-friendly Budget. The.
Technology firm Vista Group dominated the trading and price movements, rising 14 per cent, after gaining a new majority shareholder on an otherwise quiet day.
Tourism Holdings plunged 36 per cent and Spark fell nearly 5 per cent on significant earnings downgrades that rattled the New Zealand sharemarket. The.