NZ sharemarket whipsaws again, down over 1.6%
The normally stable energy sector stumbled after a large parcel of shares in Contact was put up for sale, and the New Zealand sharemarket fell more than 1.5% in a broad sell-off.

The S&P/NZX 50 Index was on a downward slide throughout the day and closed at 12,761.03, down 213.29 points or 1.64% – its lowest level in nearly seven weeks. ⌘ Read more