Fletcher’s down 3.6% as NZX excluded from ceasefire rally
Just after midday on Tuesday, Iran’s foreign minister, Abbas Araghchi, said there was no ceasefire agreement but that Tehran had “no intention” of continuing its response if Israel stopped its “aggression”.
With just over $111 million of equities traded on the exchange, the benchmark S&P/NZX 50 dipped 0.52% to 12,467.480 points despite rallies in other markets.
At 5pm, the Australian bluechip ASX 200 had gained 0.89%, the Japanese Nikkei 225 was up 1.17%, and the major Hong Kong index, the Hang Seng, was up nearly 2%.
Paul Robertshawe, Octagon’s chief investment officer, said the positive global backdrop had not affected New Zealand markets like its counterparts.
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