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Market close: NZ stocks caught in pincer movement as downtrend ...

Market close NZ stocks caught in pincer movement as downtrend
New Zealand stocks remained boxed in by high interest rates and modest earnings growth.

Skellerup looks set to report another year of record earnings growth.

The New Zealand sharemarket continued to lose ground as stocks remained boxed in by high interest rates and modest earnings expectations.

By the close, the S&P/NZX50 index was at 10,884.040, down 76.583 points, or 0.7

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